Recycled-PET – Petrochemicals – Caprolactam 21-02-2022

Recycled-PET – Petrochemicals – Caprolactam

Petrochemicals – Caprolactam – Naphtha 

Recycled-PET - Petrochemicals - Caprolactam

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-New Indorama Ventures partnership will recycle over 1.6 billion PET beverage bottles in the Czech Republic by 2025 Indorama Ventures acquires 85% equity stake in UCY Polymers CZ s.r.o. (UCY)

Indorama Ventures Public Company Limited (IVL), the world’s largest producer of recycled PET for beverage bottles, completed a deal for an 85% equity stake in Czech Republic-based PET plastic recycler, UCY Polymers CZ s.r.o. (UCY), boosting the country and Europe’s plastic collection and recycling ambitions.

As a result of the investment, IVL will recycle about 1.12 billion additional post-consumer PET (polyethylene terephthalate) plastic bottles in the Czech Republic every year by 2025, increasing the total bottles recycled by UCY across the Czech Republic, Germany and Central Europe to 1.6 billion bottles per year. IVL, a global sustainable chemicals company, is investing USD1.5 billion globally to expand recycling facilities and sustainable production, including boosting its recycling capacity to 750,000 tons per year by 2025. Recycled-PET – Petrochemicals – Caprolactam

UCY is a strategic fit for IVL as a backward integration into the company’s expanding recycled PET (rPET) footprint in Europe and across the world to secure feedstock for rPET products. UCY can produce 40,000 tonnes of recycled PET flake per year. IVL will develop UCY to serve the increasing demand for recycled PET in Europe.

UCY will work with IVL’s existing PET flake production facilities in the region. These provide the washed and shredded post-consumer bottles as PET flake feedstock to produce recycled PET resin that is suitable for food contact use. PET is fully recyclable and the most collected and recycled plastic packaging in Europe.

D K Agarwal, CEO and CFO at Indorama Ventures, said: “IVL will use our know-how to grow capacity and recycle more and more bottles. As part of our commitment to sustainability and the circular economy, we are building the recycling infrastructure needed to divert PET waste from the environment. By recycling post-consumer PET bottles into new bottles, we give waste an economic value.

This drives improvements in waste collection systems, meaning less waste and a cleaner environment.” Recycled-PET – Petrochemicals – Caprolactam

New Indorama Ventures partnership will recycle over 1.6 billion PET beverage bottles in the Czech Republic by 2025 Indorama Ventures acquires 85% equity stake in UCY Polymers CZ s.r.o. (UCY)

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