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Home > News > Recycling

IVL opens large-scale PET recycling plant in the Philippines with Coca-Cola

Source：Adsale Plastics Network Date ：2022-11-18 Editor ：JK

Indorama Ventures Public Company Limited (IVL) announces the official opening of its PETValue bottle-to-bottle recycling plant in the Philippines, in partnership with Coca-Cola Beverages Philippines, the bottling arm of Coca-Cola in the country.

 

The plant is IVL’s latest recycled PET facility as the global integrated petrochemicals company builds on its position as the world’s largest producer of recycled resin used in plastic beverage bottles.

 

PETValue Philippines, located in General Trias in Cavite Province south of Manila, is the country’s first food-grade, bottle-to-bottle recycling facility, and the largest in the Philippines.


1_web.jpg

Indorama Ventures opens the largest PET recycling plant in the Philippines in partnership with Coca-Cola.


It was built by IVL in partnership with Coca-Cola Beverages Philippines, Inc. in accord with The Coca-Cola Company’s ‘World Without Waste’ program to collect and recycle the equivalent of every bottle it sells by 2030.

 

As a result of the joint venture with Coca-Cola, IVL will recycle about 2 billion additional used PET plastic bottles in the Philippines every year. The plant will wash and shred post-consumer bottles into flakes to produce recycled PET resin that is suitable for use in food-contact applications.


3_web.jpg

PETValue Philippines is the country’s first food-grade, bottle-to-bottle recycling facility.


IVL has already surpassed the half-way milestone towards meeting its 2025 target of increasing its recycling capacity to 750,000 tons per year. The company is investing US$1.5 billion globally to expand recycling facilities and sustainable production, including a new ambition to reach post-consumer PET bale input of 1,500,000 tons per year by 2030.

 

PETValue will introduce the most advanced technology and infrastructure in the Philippines, helping to improve collection and recycling rates and prevent leakage into waterways. The new plant will encourage a more robust waste value chain to help address the growing post-consumer waste management problem in the Philippines.

 

The unique PET plastic used in soft drinks and water bottles is 100% recyclable and the most collected plastic packaging in the world. Global brands including Coca-Cola are using more recycled plastic in their bottles to close the loop and deliver a circular economy.

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Source：Adsale Plastics Network Date ：2022-11-18 Editor ：JK

Indorama Ventures Public Company Limited (IVL) announces the official opening of its PETValue bottle-to-bottle recycling plant in the Philippines, in partnership with Coca-Cola Beverages Philippines, the bottling arm of Coca-Cola in the country.

 

The plant is IVL’s latest recycled PET facility as the global integrated petrochemicals company builds on its position as the world’s largest producer of recycled resin used in plastic beverage bottles.

 

PETValue Philippines, located in General Trias in Cavite Province south of Manila, is the country’s first food-grade, bottle-to-bottle recycling facility, and the largest in the Philippines.


1_web.jpg

Indorama Ventures opens the largest PET recycling plant in the Philippines in partnership with Coca-Cola.


It was built by IVL in partnership with Coca-Cola Beverages Philippines, Inc. in accord with The Coca-Cola Company’s ‘World Without Waste’ program to collect and recycle the equivalent of every bottle it sells by 2030.

 

As a result of the joint venture with Coca-Cola, IVL will recycle about 2 billion additional used PET plastic bottles in the Philippines every year. The plant will wash and shred post-consumer bottles into flakes to produce recycled PET resin that is suitable for use in food-contact applications.


3_web.jpg

PETValue Philippines is the country’s first food-grade, bottle-to-bottle recycling facility.


IVL has already surpassed the half-way milestone towards meeting its 2025 target of increasing its recycling capacity to 750,000 tons per year. The company is investing US$1.5 billion globally to expand recycling facilities and sustainable production, including a new ambition to reach post-consumer PET bale input of 1,500,000 tons per year by 2030.

 

PETValue will introduce the most advanced technology and infrastructure in the Philippines, helping to improve collection and recycling rates and prevent leakage into waterways. The new plant will encourage a more robust waste value chain to help address the growing post-consumer waste management problem in the Philippines.

 

The unique PET plastic used in soft drinks and water bottles is 100% recyclable and the most collected plastic packaging in the world. Global brands including Coca-Cola are using more recycled plastic in their bottles to close the loop and deliver a circular economy.

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IVL opens large-scale PET recycling plant in the Philippines with Coca-Cola

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