Indorama Ventures’ fibre business has announced a joint venture with Chinese chemical recycler Jiaren Chemical Recycling (JCR) to generate 100 000 tonnes of textile-recycled PET annually.
Thailand-based Indorama says its global manufacturing footprint enables brand owners to establish local sourcing hubs where they need them while JCR’s ability to source, sort, de-colour, polymerise textile waste makes chemical textile recycling available at scale.
The partners say their proposed recycled feedstock will allow brand owners to realise their climate targets and reduce textile waste, while maintaining material performance.
Crucial partnerships
Diego Boeri, ep of Indorama Ventures’ fibres business, says: ‘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.’
He also called on regulators, particularly in Europe, to help nurture an appetite for investment. Consumers, meanwhile, needed to understand more about global material flows to make educated buying choices.
Boeri considered JCR ‘the most advanced technology player in chemical textile recycling’ and their strategic partnership was a significant contribution towards Indorama’s ambition of a circular textile industry.
Powerhouse
Fang Jiayu, chief commercial officer for JRC’s international market, said his company was continuously expanding its capacity. ‘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.’
The closing of the joint venture is subject to relevant regulatory approvals.
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