Joint venture to establish PET recycling facilities in India

IVL Dhunseri Petrochem Industries, an Indorama Ventures’ direct subsidiary, Dhunseri and Varun Beverages establish several greenfield state-of-the-art PET recycling facilities in India.

The joint venture has already begun the construction of two PET recycling facilities, planned for completion within 2025. One facility is in Kathua within the Jammu Division of the Indian Union territory of Jammu and Kashmir, situated in Northern India, while the other is in Khurdha within the State of Odisha, located in Eastern India.

The aim is to reach 100 kilotons annual capacity of recycled PET (rPET) across all the facilities when combined.

Indorama Ventures provides the production facilities that recyle post-consumer PET bottles.

Indorama Ventures is one of the world's largest producer of rPET resins widely used in food and beverage packaging. In 2023, the company achieved a significant milestone, recycling over 100 billion PET bottles while progressing towards its target of recycling 750,000 tons or 50 billion bottles annually by 2025.

Aligning India’s sustainability goals

This project aligns with the surging demand for rPET in India. India projected rPET volumes increases from approximately 400 kilotons in 2025-2026 to over 1 million tons by 2031.

Mandates such as the Indian government’s compulsory requirement of 30% recycled plastic content in plastic packaging by 2025-2026, escalating to 60% by 2028-2029, underscores the urgency and importance of the transformation.