Indorama Ventures Public Company Limited (“IVL” or the “Company”) has been selected as the winning bidder to acquire the Recycled Polyethylene Terephthalate (rPET) assets of CarbonLite Holdings LLC and its subsidiaries in Texas, USA
CarbonLite is a significant rPET producer in USA with long standing relationships with major brands.
The assets to be acquired are located in Dallas, Texas, USA witha combined capacity of approx. 92 kilotons per annum, consisting of 48 kilotons of rPET pelletsand 44 kilotons of flakes.
This proposed recycling acquisition opportunity would facilitate IVL coming closer to its rPET commitment of 750 kilotons per annum by 2025.
