Indorama Ventures’ Fibers business, a prominent global supplier of recycled technical textiles, polyester fibers, and yarns, has teamed up with Jiaren Chemical Recycling, a leader in chemical polyester recycling, to form a joint venture aimed at promoting circularity within the global textile industry.

Source: Indorama Ventures

Both partners intend to utilize this collaboration to unlock an impressive annual capacity of up to 100,000 tonnes of textile-recycled PET spinning. This initiative will enhance the resilience and transparency of the global textile supply chain while optimizing the value delivered to the industry by both parties.

• Indorama Ventures boasts a global manufacturing presence across APAC, EMEA, and the Americas, coupled with a proven track record of establishing efficient regional supply chains. This enables brand owners to create local sourcing hubs wherever needed.
• Jiaren Chemical Recycling excels in sourcing, sorting, de-coloring, and re-polymerizing textile waste, making large-scale chemical textile recycling feasible.

Mismanaged textile waste as well as the next generation’s expectations regarding climate protection cannot be solved by one company alone. It requires significant investment in infrastructure, technology and operations. Only together, all value chain players can build circular business models. Regulators need to help nurture the appetite for required investments, in particular in Europe, and consumers need to understand a lot better what happens in today’s global material flows to make educated buying choices. At Indorama Ventures, we strongly believe in the power of tightly woven relationships, with our customers and all other parties. We aim to lead the shift towards a circular textile economy. That’s why we back this joint venture with a double-digit million $ equity investment in Jiaren’s recycling capacity. We consider Jiaren Chemical Recycling the most advanced technology player in chemical textile recycling today. This strategic partnership is our next significant contribution to making our ambition of a circular textile industry real.

^{Mr. Diego Boeri, Executive President of Indorama Ventures}

This collaboration allows fibers and yarns derived from recycled feedstock, empowering brand owners to achieve their climate goals and significantly reduce textile waste, all while ensuring that they meet the performance expectations of consumers.