Press Release
Indorama Ventures Joins The Recycling Partnership on Transforming the U.S. Recycling System for Good
Bangkok, Nov. 21, 2019 – Indorama Ventures Public Company Limited (IVL), a world-class chemical company, announced that it has joined the Recycling Partnership, a change-agent environmental non-profit leader improving how America recycles. IVL’s collaboration with The Recycling Partnership will promote the U.S. residential recycling rates and increase availability of recycled PET to meet the global recycled content commitments.
The Recycling Partnership is the only organization in the United States that engages the full recycling supply chain from the corporations that manufacture products and packaging to local governments charged with recycling, to industry end-markets, haulers, material recovery facilities, and converters. Indorama Ventures is among a growing list of 46 organizations and The Recycling Partnership funders, including PepsiCo, Coca-Cola, Target, Amazon, Keurig-Dr. Pepper, and Colgate-Palmolive, who are trying to transform the U.S. recycling system for the good of the economy, communities and planet.
This collaboration is in line with the Company’s objectives of long-term sustainability and can steer further its aspiration of being a world-class chemical company making great products for society. Indorama Ventures plays a key role in promoting the circular economy and environmental sustainability globally. The Company believes that the recycling of PET packaging is one of the most responsible solutions for the preservation of resources and the reduction of PET containers in landfills. Indorama Ventures is playing its part and investing in recycling solutions globally.
“Sustainability and social responsibility are integral parts of our purpose, said Yashovardhan Lohia, Executive Director and Chief Recycling Officer of Indorama Ventures. We see the recycling of PET at the very core of our contribution to the global effort to create a circular economy, which is why we are investing US$1.5 billion in improving recycling throughout the world with partners such as The Recycling Partnership. Supporting the change agents’ efforts to make real, measurable, change to capture as much quality recyclable material as possible in communities across the U.S is critical to manufacturers like Indorama Ventures who want to decrease the amount of PET material going to landfill and losing the value from recycling. We are thrilled to join The Partnership and all of its members to work collectively to transform the U.S. recycling system and with it a new circular economy that powers a sustainable future.”
“We are delighted to have Indorama Ventures join The Recycling Partnership to support our mission of making it as easy to recycle as it is to throw something away in the U.S., said Keefe Harrison, CEO of The Recycling Partnership. We are all in this bin together and the investment by Indorama Ventures goes toward improving access to convenient recycling for Americans, along with education to help them recycle more, better. Changing how America recycles moves us one giant step closer to creating a system where the use of virgin resources are minimized, and materials are recycled over and over again.”
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About Indorama Ventures
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and Americas. The company’s portfolio comprises Integrated PET, Fibers, Packaging, Specialty Chemicals and Olefins. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 20,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018. The Company is listed in the Dow Jones Sustainability Index (DJSI).
Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in
| EMEA: | The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal, Israel, Egypt, Russia, Slovakia, Austria, Bulgaria |
| Americas: | USA, Mexico, Canada, Brazil |
| Asia: | Thailand, Indonesia, China, India, the Philippines, Myanmar |
About The Recycling Partnership
The Recycling Partnership (recyclingpartnership.org) is a national nonprofit organization that leverages corporate partner funding to transform recycling for good in states, cities and communities all across America. As the only organization in the country that engages the full recycling supply chain from the corporations that manufacture products and packaging to local governments charged with recycling to industry end markets, haulers, material recovery facilities, and converters; The Recycling Partnership positively impacts recycling at every step in the process. The Recycling Partnership has served more than 1,300 communities and counting with best-in-class tools, data, resources and technical support, helped place 600,000 recycling carts, reached 60 million American households, and helped companies and communities invest more than $43 million in recycling infrastructure. In doing so, The Recycling Partnership has created meaningful social, environmental, and economic change. By the end of 2019, the nonprofit change agent estimates it will have diverted 230 million pounds of new recyclables, saved 465 million gallons of water, avoided 250,000 metric tons of greenhouse gases, and driven significant reductions in targeted contamination rates.
Contacts
Richard Jones
Tel: +662.661.6661 ext. 680
richard.j@indorama.net
Naweensuda Krabuanrat
Tel: +662.661.6661 ext. 247
naweensuda.k@indorama.net
Note:
This document contains “forward-looking statements” about the financial condition and results of operations of Indorama Ventures Public Company Limited (the “Company”), which are based on management’s current beliefs, assumptions, expectations and projections about future economic performance and events, considering the information currently available to the management. Any statements preceded by, followed by or that include the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “plans”, “could”, “should, “predicts”, “projects”, “estimates”, “foresees” or similar expressions or the negative thereof, identify or signal the presence of forward-looking statements as well as predictions, projections and forecasts of the economy or economic trends of the markets, which are not necessarily indicative of the future or likely performance of the Company. Results given here are “Core”, which means excluding inventory gain/losses and one-time extraordinary items.