BANGKOK - Synthetic fibre giant Indorama Ventures (IVL) has signed a partnership deal that will see it build multiple recycling facilities in India, part of its plan to bolster growth in its PET supply chain.
Under the terms of the deal, IVL’s direct subsidiary, IVL Dhunseri Petrochem Industries has formed a joint venture with Varun Beverages, PepsiCo's second-largest bottling company globally outside the US, to establish several greenfield PET recycling facilities.
