Indorama Ventures' Fibers business and Jiaren Chemical Recycling have established a joint venture to expand chemical polyester recycling and advance circularity in the global textile industry. The partnership aims to unlock up to 100,000 tonnes of textile-recycled PET spinning capacity annually, enhancing supply chain resilience and sustainability.
© Indorama Ventures
Indorama Ventures brings a global manufacturing footprint across APAC, EMEA, and the Americas, while Jiaren specialises in sourcing, sorting, de-coloring, and re-polymerising textile waste at scale. The collaboration enables brands to meet climate targets, reduce textile waste, and maintain high-performance materials for consumers.
Diego Boeri, Executive President of Indorama Ventures Fibers, emphasised the need for shared investment and cross-value chain collaboration to create circular business models, backing the venture with a double-digit million-dollar equity injection. Jiaren's Chief Commercial Officer, Fang Jiayu, noted the partnership strengthens global supply chains and addresses the textile waste crisis.
The joint venture reflects a strategic step towards a circular polyester economy, combining advanced chemical recycling technology with global manufacturing expertise to transform textile waste into high-value products. Closing is subject to regulatory approvals.
Indorama Ventures
www.indoramaventures.com
Jiaren Recycle
www.jiarenrecycle.com
