02 Dec 2020 --- Indorama Ventures, a global petrochemical company and the world’s largest producer of PET resin, has announced that by 2023 it will be recycling nearly ten billion post-consumer PET bottles in Europe alone. The announcement comes following a US$1.5 billion investment made by the Thailand-based company last year in its global recycling facilities. It aims to achieve production of 750 million metric tons of recycled PET (rPET) per year worldwide with the investments.
