Indorama Ventures and Jiaren form joint venture to enhance textile circularity

Indorama Ventures’ Fibers business, a leading global supplier of recycled technical textiles, polyester fibers and yarns, and Jiaren Chemical Recycling, a technology leader in chemical polyester recycling, form a joint venture to accelerate circularity in the global textile industry.

Representatives from Indorama Ventures and Jiaren.

“Mismanaged textile waste as well as the next generation’s expectations regarding climate protection cannot be solved by one company alone. It requires significant investment in infrastructure, technology and operations. Only together, all value chain players can build circular business models,” said Diego Boeri, Executive President of Indorama Ventures’ Fibers business.

Indorama Ventures invested double-digit million dollars in Jiaren’s recycling capacity. The closing of the joint venture is subject to relevant regulatory approvals.

Both partners plan to leverage the joint venture to unlock up to 100,000 tons of textile-recycled PET spinning capacity annually, thereby enhancing the resilience and transparency of the global textile supply chain.

“Partnering with a global powerhouse like Indorama Ventures is an opportunity for us to expand reach, helping to solve the world’s textile waste crisis, and secure diverse stable supply chains for brand owners and customers worldwide,” commented Jiayu Fang, Chief Commercial Officer (International Market) of Jiaren.

Indorama Ventures’ global manufacturing footprint across APAC, EMEA, and the Americas along with its proven ability to build efficient regional supply chains enable brand owners to establish local sourcing hubs where they need them.

For Jiaren Chemical Recyling, its ability to source, sort, de-color, de- and re-polymerize textile waste makes chemical textile recycling available at scale. Fibers and yarns from this recycled feedstock allow brand owners to realize their climate targets and reduce textile waste at scale, while maintaining well-known material performance for consumers.