Indorama Ventures teams with The Recycling Partnership

Bangkok-based Indorama Ventures plans to invest $1.5 billion to improve recycling throughout the world with partners such as The Recycling Partnership.

PET plastic bottles

© Kyolshin - Dreamstime.com

Indorama Ventures Public Co. Ltd., a chemical company based in Bangkok, has announced that it has teamed with The Recycling Partnership, Falls Church, Virginia, to help promote the U.S. residential recycling rates and increase the availability of recycled polyethylene terephthalate (PET) to meet global recycled content commitments. 

According to a news release from The Recycling Partnership on the collaboration, Indorama Ventures is among a growing list of 46 organizations and The Recycling Partnership funders, including PepsiCo, Coca-Cola, Target, Amazon, Keurig-Dr. Pepper and Colgate-Palmolive, who are trying to transform the U.S. recycling system for the good of the economy, communities and planet.

This collaboration is in line with Indorama Ventures’ objectives of long-term sustainability. According to The Recycling Partnership, Indorama Ventures plays a key role in promoting the circular economy and environmental sustainability globally and believes that recycling of PET packaging is one of the most responsible solutions for the preservation of resources and the reduction of PET containers in landfills. 

“Sustainability and social responsibility are integral parts of our purpose,” says Yashovardhan Lohia, executive director and chief recycling officer of Indorama Ventures. “We see the recycling of PET at the very core of our contribution to the global effort to create a circular economy, which is why we are investing $1.5 billion in improving recycling throughout the world with partners such as The Recycling Partnership. 

“Supporting the change agents’ efforts to make real, measurable, change to capture as much quality recyclable material as possible in communities across the U.S is critical to manufacturers like Indorama Ventures who want to decrease the amount of PET material going to landfill and losing the value from recycling,” he continues. 

“We are delighted to have Indorama Ventures join The Recycling Partnership to support our mission of making it as easy to recycle as it is to throw something away in the U.S.,” adds Keefe Harrison, CEO of The Recycling Partnership. “We are all in this bin together, and the investment by Indorama Ventures goes toward improving access to convenient recycling for Americans, along with education to help them recycle more, better.”