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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.
“Europe’s 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 world’s leading petrochemicals
producers, with a global manufacturing footprint across Africa, Asia Pacific,
Europe and Americas. The company’s 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). |
