Indorama Ventures’ Fibers business is a leading global supplier of recycled technical textiles, polyester fibers, and yarns. It has joined forces with Jiaren Chemical Recycling, a technology leader in chemical polyester recycling, to accelerate circularity in the global textile industry. The joint venture aims to unlock up to 100,000 tonnes of textile-recycled PET spinning capacity annually. This will enhance supply chain transparency, resilience, and value delivery across the textile sector.
Leveraging Global Footprints and Advanced Recycling Technology
Indorama Ventures has a robust global manufacturing footprint across APAC, EMEA, and the Americas. It also has a proven capability to build efficient regional supply chains. This allows brand owners to establish localized sourcing hubs where they need them most.
Meanwhile, Jiaren Chemical Recycling contributes expertise in sourcing, sorting, and de-coloring textile waste. It also re-polymerizes the material, enabling chemical recycling at scale. Together, the partnership allows fibers and yarns from recycled feedstock to meet the material performance expectations of consumers. It also helps brands achieve climate targets and significantly reduce textile waste.
Driving Circular Economy Through Collaboration
Diego Boeri, Executive President of Indorama Ventures’ Fibers business, emphasized, “Mismanaged textile waste and the next generation’s climate expectations cannot be addressed by a single company. Building circular business models requires investments in infrastructure, technology, and operations. Regulators need to encourage these investments, particularly in Europe, and consumers must better understand global material flows to make informed choices.” Boeri added that Indorama Ventures is backing the joint venture with a double-digit million-dollar equity investment. This reflects the company’s confidence in Jiaren Chemical Recycling as a leading technology player in chemical textile recycling.
Expanding Global Recycling Capacity and Impact
Fang Jiayu, Chief Commercial Officer (International Market) of Jiaren, highlighted, “Jiaren Chemical Recycling is already among the largest PET textile chemical recyclers globally. Partnering with a global powerhouse like Indorama Ventures allows us to expand our reach, address the global textile waste crisis, and secure diverse, stable supply chains for brand owners worldwide.” As per the press release, the closing of the joint venture remains subject to regulatory approvals. It marks a critical step toward a more sustainable and circular textile industry.
