Indorama Ventures and Jiaren Chemical Recycling Form Joint Venture for Textile Circularity
- Indorama Ventures invests a double-digit million dollar amount in Jiaren's recycling capacity.
- The joint venture aims to unlock 100,000 tonnes of textile-recycled PET spinning capacity annually.
- Indorama's global footprint supports local sourcing hubs across APAC, EMEA, and the Americas.
- Jiaren's technology enables large-scale chemical textile recycling.
Investment and Partnership
Indorama Ventures has committed a double-digit million dollar investment in Jiaren Chemical Recycling's capacity. This partnership aims to enhance global textile circularity through a joint venture.
Recycling Capacity
The joint venture plans to unlock up to 100,000 tonnes of textile-recycled PET spinning capacity annually. This initiative is expected to improve the resilience and transparency of the global textile supply chain.
Global Reach
Indorama Ventures' extensive manufacturing presence across APAC, EMEA, and the Americas supports the establishment of local sourcing hubs. This enables brand owners to meet their climate targets and reduce textile waste effectively.
Technological Advancements
Jiaren Chemical Recycling's technology facilitates large-scale chemical textile recycling. Their ability to source, sort, de-color, and re-polymerize textile waste is crucial for achieving the joint venture's goals.
Source: Indorama Ventures