Indorama VenturesNews · 2025-11-11 00:00

Indorama Ventures and Jiaren Chemical Recycling form a joint venture to boost global textile recycling capacity.

Indorama Ventures' Fibers business group and Jiaren Chemical Recycling established a joint venture, backed by a multi-million dollar investment from Indorama Ventures, to significantly increase recycled PET polyester fiber production.

This partnership aims to accelerate circularity in the global textile industry, enhance supply chain resilience, and help brands meet climate goals by reducing textile waste.

Fast Facts

·Partners: Indorama Ventures, Jiaren Chemical Recycling
·Investment: Multi-million USD (double-digit millions) from Indorama Ventures
·Target capacity: Up to 100,000 tons/year of recycled PET polyester fiber
·Focus: Chemical recycling of textiles
·Product: Textile-recycled PET polyester fiber
·Goal: Accelerate circularity in global textile industry, enhance supply chain resilience
·Status: Joint venture closing subject to regulatory approval

Petrochemicals

ESG & Finance

Other

People Mentioned

Digo Bory

President of Fibers Business Group at Indorama Ventures

Fang Jiayu

Chief Commercial Officer (International Market) at Jiaren Chemical Recycling

Source

Indorama Ventures and Jiaren Chemical Recycling form a joint venture to boost global textile recycling capacity.