SINGAPORE (ICIS)–Indorama Ventures Ltd (IVL)
is constructing A mannequin new polyethylene terephthalate
(PET) plastic bottle recycling plant at
Karawang in west Java, Indonesia, the
Thailand-listed producer said on Tuesday.
The power Is predicted To start out up in 2023
And might recycle 1.92bn PET plastic bottles
yrly in assist of the Indonesian
authorities’s plan To Scale again ocean particles, the
agency said in A press launch.
Funding particulars Inside The mannequin new recycling plant
The recycling plant will current the washed and
shredded submit-shopper bottles as PET flake
feedstock To current recycled resin relevant
for meals purposes, IVL said.
Indonesia is aiming To Scale again 70% of its 2017
plastic particles by The prime 2025.
PET plastic, generally Utilized in bottles, is 100%
recyclable And probably the most collected and recycled
plastic packaging On the earth, IVL said.
“Giving waste an financial worth as feedstock
For mannequin spanking new bottles, additionally drives enhancements in
waste assortment methods,” said D K Agarwal,
CEO of IVL’s mixed PET, constructed-in oxides
and derivatives (IOD) and fibres enterprise.
As introduced in 2019, IVL goals to recycle a
minimal of 750,000 tonnes of PET
globally by 2025, with a deliberate investment of
As a lot as $1.5bn.
The new plant in Karawang, Collectively with its completely different
recycling amenities in southeast Asia, will
work with current PET flake manufacturing
amenities in Indonesia.
Indorama Ventures has six manufacturing websites in
Indonesia throughout Purwakarta, Cilegon, Tangerang
The agency has an current a 36,000 tonne/yr
polyester fibre plant at Karawang, Based mostly on
the ICIS Supply & Demand Database.
Photograph: Bales of PET bottles at Indorama
Polyester Industries at Nakhon Pathom in
Thailand (Supply: IVL)