Indorama Ventures’ Fibers business and Jiaren Chemical Recycling form a joint venture to enhance global textile circularity
Indorama Ventures’ Fibers business, a leading global supplier of recycled technical textiles, polyester fibers, and yarns, and Jiaren Chemical Recycling, a technology leader in chemical polyester recycling, form a joint venture to accelerate circularity in the global textile industry.
Both partners plan to leverage the joint venture to unlock up to 100,000 tonnes of textile-recycled PET spinning capacity annually, thereby enhancing the resilience and transparency of the global textile supply chain and optimizing the value both partners deliver to the industry.
Indorama Ventures’ global manufacturing footprint across the APAC, EMEA, and the Americas, along with the company’s proven ability to build efficient regional supply chains, enables brand owners to establish local sourcing hubs where needed. Jiaren Chemical Recycling’s ability to source, sort, decolorize, de- and re-polymerize textile waste makes chemical textile recycling available at scale. That means fibers and yarns from this recycled feedstock allow brand owners to realize their climate targets and reduce textile waste at scale, while maintaining well-known material performance for consumers.
