IVL Acquires PET Recycling Facility in Brazil

Indorama Ventures Public Company Limited (IVL) announced that the company has, through its indirect subsidiary Indorama Ventures Polimeros S.A., acquired 100% equity stake of AG Resinas Ltda. (AG Resinas), a limited liability company incorporated under the laws of Brazil and completed the transaction on June 8, 2020.

 

AG Resinas is a PET recycling facility in Juiz de Fora, Brazil and processes post-consumer PET into Recycled Polyethylene Terephthalate (rPET) flakes and pellets with a combined capacity of approx. 9,000 tonnes/annum. The facility is close proximity to a large supply of recovered PET bottles, bringing benefits through logistics advantage.

 

This acquisition is strategically in-line with the IVL’s long-term sustainability objectives and will complement IVL’s PET business in Brazil and provide a unique opportunity to create an immediate recycling presence with further expansion opportunity.