IVL gets $200 million loan for PET recycling in Asia

Indorama Ventures, a leader in synthetic fibers and sustainable chemicals, secured a $200 million loan from International Finance Corporation (IFC) to fund its sustainability programs in India, Thailand and Indonesia. The seven-year loan will support Indorama's expansion in PET recycling, a key element of a circular economy.

The funds will improve existing recycling facilities in Thailand, launch a new plant in Indonesia, and build new plants in India. It will also reimburse past sustainability project costs.

 

This collaboration strengthens Indorama's commitment to sustainability and allows them to make a positive environmental impact. IFC is partnering with Indorama to promote recycling and fight plastic waste, contributing to broader sustainability goals.

Indorama has a history of sustainable financing, including a $300 million Blue Loan in 2020. This loan signifies their dedication to environmentally responsible practices.