Chemical company Indorama Ventures Public Co. Ltd. (IVL), Bangkok/Thailand, has completed its acquisition of CarbonLite Holdings’ facility in Dallas, TX/USA, so increasing IVL’s PET recycling capacity.
Now known as Indorama Ventures Sustainable Recycling (IVSR), the Dallas site is one of the largest producers of food-grade recycled pellets (recycled polyethylene terephthalate (rPET)) in the USA, with a combined capacity of 92,000 tons annually. The facility will recycle more than 3 billion PET plastic beverage bottles/year and support more than 130 jobs directly.
With this acquisition, IVL expands its US recycling capacity to 10 billion beverage bottles/year, towards its global target of recycling 50 billion bottles (750,000 tons) annually by 2025.
IVL entered the US PET market in 2003. In 2019, the company acquired recycling facilities in the states of Alabama and California, bringing a circular business model to its operations in the USA.