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Indorama Ventures expands recycling facilities in France, Poland

December 03/2020

MOSCOW (MRC) -- Indorama Ventures (Bangkok, Thailand) has opened a recycling facility at Verdun, France and expanded two recently acquired facilities at Bielsko-Biala and Leczyca in Poland, reported Chemweek.

The company says that 10 billion post-consumer polyethylene terephthalate (PET) plastic bottles from across Europe will be recycled every year by 2023 in its new and expanded facilities in France and Poland.

Indorama is investing USD1.5 billion globally to expand its recycling facilities. The new investment will see over 1.7 billion additional post-consumer PET plastic bottles recycled.

The facilities in France and Poland provide the washed and shredded post-consumer bottles as PET flake feedstock to produce recycled PET resin that is suitable for food-contact use, it says. The input tonnage processed is equivalent to 9.8 billion post-consumer bottles. PET is 100% recyclable and the most collected and recycled plastic packaging in Europe, adds Indorama.

Europes soft drinks industry is working hard to drive sustainability throughout its value chain - from sourcing, production, and distribution through to packaging, collection, recycling, and reuse, says Nicholas Hodac, director general of UNESDA Soft Drinks Europe. By delivering a closed-loop system we ensure that valuable secondary raw material is not wasted and we achieve a well-functioning EU market.

As MRC informed earlier, Indorama Ventures Sines, a subsidiary of Indorama Ventures Company Ltd (IVL), halted production at its purified terephthalic acid (PTA) plant in Sines (Sines, Portugal) in mid-November to conduct a scheduled maintenance. The turnaround at this plant with the capacity of 700,000 tonnes/year of PTA will continue for one month. Thus, the PTA plant is to return back to operations in mid-December, 2020.

According to MRC's ScanPlast report, Russia's estimated PET consumption reached 52,71o tonnes in September 2020, down by 27% year on year. Overall PET consumption in Russia reached 530,750 tonnes in the first nine months of 2020, down by 22% year on year.

Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the worlds leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia Pacific, Europe and Americas. The companys portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals. Indorama Ventures products serve major FMCG and automotive sectors, i.e. beverages, hygiene, personal care, tire and safety segments. Indorama Ventures has approx. 24,000 employees worldwide and consolidated revenue of US$ 11.4 billion in 2019. The Company is listed in the Dow Jones Emerging Markets and World Sustainability Indices (DJSI).
Author:Margaret Volkova
Tags:PET-granulate, terephthalic acid, recikling, packaging, PET bottles, Indorama Ventures PLC, Poland, Portugal, Russia, France.
Category:General News
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