Indorama Ventures, Jiaren partner to target 100,000t PET recycling

The collaboration aims to execute up to 100,000 tonnes of textile-recycled polyethene terephthalate (PET) spinning capableness per year.

Indorama Ventures said that this determination volition fortify the “resilience and transparency” wrong the planetary textile proviso chain, portion besides improving the worth provided by some partners to the industry.

The completion of the associated task is contingent upon receiving the indispensable regulatory approvals.

Indorama Ventures fibres concern enforcement president Diego Boeri said: “Mismanaged textile waste, arsenic good arsenic the adjacent generation’s expectations regarding clime protection, cannot beryllium solved by 1 institution alone. It requires important concern successful infrastructure, exertion and operations. Only together, each worth concatenation players tin physique circular concern models.”

Indorama Ventures, a sustainable petrochemicals producer, has manufacturing beingness crossed the Asia Pacific (APAC), Europe, the Middle East, Africa (EMEA) and the Americas.

Jiaren Chemical Recycling contributes its chemic recycling capabilities, including sourcing, sorting, decolourising, depolymerising, and repolymerising textile waste.

These processes marque it imaginable for chemic textile recycling to beryllium implemented astatine a ample scale.

The collaborative effort volition besides spot Indorama Ventures supply a double-digit million-dollar equity concern successful Jiaren Chemical Recycling’s recycling capacity.

“We see Jiaren Chemical Recycling the astir precocious exertion subordinate successful chemic textile recycling today. This strategical concern is our adjacent important publication to making our ambition of a circular textile manufacture real,” Diego Boeri added.

Jiaren Chemical Recycling, a subsidiary of Zhong Jian Xin Group, presently operates with an yearly capableness of 30,000 metric tonnes (mt).

The institution has expanded by adding a 2nd accumulation base, expanding its imaginable output to 150,000mt of recycled polyester annually.

This enlargement could facilitate the recycling of much than 240,000mt of utilized textiles each twelvemonth and alteration reliance connected virgin petrochemical resources.

Jiaren planetary marketplace main commercialized serviceman Fang Jiayu said: “Already today, Jiaren Chemical Recycling is among the biggest PET textile chemic recyclers globally, and we are continuously expanding our capacity. Partnering with a planetary powerhouse similar Indorama Ventures is an accidental for america to grow reach, helping to lick the world’s textile discarded crisis, and unafraid divers unchangeable proviso chains for marque owners and customers worldwide.”