Mr. Yashovardhan Lohia, Chief Recycling Officer at Indorama Ventures said, “Today we recycled our 50 billionth PET bottle, since we started in 2011. As a Thai company, we are very proud to achieve this major global recycling milestone. We want to go further because we know PET is fully recyclable and uses less energy and water to produce than alternative beverage packaging. In five years’ time we aim to recycle 50 billion bottles a year.
“To achieve this, we have committed up to US$ 1.5 billion to expand our recycling business. Our work will support household brand names who are using more and more recycled PET in their bottles.”
“No recyclable PET bottle should leak into our environment. We are building the recycling infrastructure the world needs. Our facilities close the loop and deliver a circular economy for PET bottles.” Mr. Lohia said.