Indorama: New PET recycling plant in the Philippines opened - Cooperation with Coca-Cola

PETValue bottle-to-bottle-recycling plant in the Philippines - (Picture: Indorama).

Indorama Ventures Public Company Limited announced the official opening of its PETValue bottle-to-bottle recycling plant in the Philippines, in partnership with Coca-Cola Beverages Philippines.

PETValue Philippines, located in General Trias in Cavite Province south of Manila, is the first food-grade, bottle-to-bottle recycling facility in the Philippines. 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 two billion additional used PET plastic bottles in the Philippines every year and create about 200 new local jobs. 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.

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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.

More information: www.indoramaventures.com, www.coca-cola.com

Indorama Ventures Public Company Limited, Bangkok, Thailand