- In October 2022, Indorama Ventures Public Company Limited has unveiled the largest PET recycling plant in partnership with Coca-Cola Beverages, with a goal to recycle an additional 2 billion used PET plastic bottles annually in the Philippines. This initiative marks a significant step toward addressing the growing global concern over plastic waste and supports the transition to a circular economy. By increasing the capacity for PET recycling, the project is expected to enhance the availability of recycled PET (rPET), aligning with the increasing demand for sustainable packaging solutions
- In September 2021, The ALPHA Group, a global leader in packaging solutions and recycling, revealed its investment in the development of a recycling plant in Targu Mures, Romania, through a joint venture with its partners. This initiative is expected to have a positive impact on the polyethylene terephthalate (PET) market by enhancing recycling capabilities and increasing the supply of recycled PET (rPET). The plant will support the growing demand for sustainable packaging solutions, helping reduce plastic waste and promote a circular economy within the PET industry
