PET’s versatility makes it 100% recyclable, resulting in a lower carbon impact than other packaging options. As leaders in PET production and recycling, it is our advantage to leverage such opportunities from a closed-loop system. We expanded our mechanical recycling reach by investing in two facilities in 2021, a newly acquired facility from CarbonLite in the United States and a newly commenced facility in Indonesia due to begin operations in 2023. These facilities can collectively recycle roughly five billion bottles which will expedite our ambition of utilizing 750,000 tons per year of total post-consumer PET in polyester feedstock. IVL AND CARBIOS TO BUILD IN FRANCE ITS FIRST-OF-A-KIND MANUFACTURING PLANT FOR FULLY BIO-RECYCLED PET Advanced recycling is also a promising recycling avenue where we leverage our partnership with technology developers. Recently, IVL and Carbios jointly announced a collaboration to build and operate the world’s first industrial-scale enzymatic PET bio-recycling plant, with a processing capacity estimated 50,000 tons of post-consumer PETwaste per year, equivalent to 2 billion PET bottles or 2.5 billion PET trays, at IndoramaVentures’ PET production site in Longlaville, France which is expected to be operational by 2025* with the creation of 150 direct and indirect new jobs. Carbios is a pioneer in the development of enzymatic solutions dedicated to the end-of-life of plastic and textile polymers, and has developed a disruptive technology and process that enables ef f icient transformation of plastic waste into novel valuable products. Combining biotechnology and a renewed industrial ambition will be the key to achieving a more circular economy. This strategic project is strongly supported by the FrenchGovernment and the Grand-Est Region**, with significant non-dilutive financing. This breakthrough project showcases the government’s ambition as part of the France 2030 plan, in preparing for the challenges in the next decade. * Estimated date, depending on the grant of the authorizations to build and operate and on the terms and conditions remaining to be defined for this collaboration between both parties. ** Conditioned to aid notification to the European Commission and in-additional assessments by French authorities. 110 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. Chief Strategy Officer Message Chairman of the ESG Council Message Key Achievements 2021 CEO Message IVL’s Sustainable Value Creation for Stakeholders Home
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