11 Aug 2023 --- Indorama Ventures, one of the world’s largest recycled PET (rPET) resin producers, has expanded its recycling facility in Brazil. The company invested US$20 million to optimize the facility’s processes and acquire new equipment such as washing machines to help remove labels, grind bottles in water and reduce water consumption by 70%. The move was supported by a “Blue Loan” from the International Finance Corporation (IFC), a member of the World Bank. The recycling facility, located in Juiz de Fora, Brazil, is increasing its production capacity from 9,000 metric tons to 25,000 metric tons of PET, made annually from PCR PET material.
