Wedoany.com Report-Nov. 12, Indorama Ventures Ltd. (Bangkok, Thailand) announced that its Fibers business, a global supplier of recycled technical textiles, polyester fibers, and yarns, has entered into a joint venture with Jiaren Chemical Recycling, a leader in chemical polyester recycling technology. The collaboration aims to accelerate the transition toward circularity in the global textile industry.

Through this joint venture, both companies plan to establish up to 100,000 tons of textile-recycled PET spinning capacity annually, enhancing the resilience, transparency, and sustainability of the global textile supply chain. The partnership is designed to optimize the value delivered to the textile sector by combining Indorama Ventures’ global reach and operational capabilities with Jiaren’s advanced recycling technology.

Indorama Ventures’ extensive manufacturing network across the Asia-Pacific, EMEA, and the Americas enables brand owners to localize sourcing and strengthen regional supply chains. Meanwhile, Jiaren Chemical Recycling’s expertise in sourcing, sorting, de-coloring, de-polymerizing, and re-polymerizing textile waste makes large-scale chemical recycling feasible. The resulting recycled fibers and yarns retain material quality while helping brand owners achieve climate goals and reduce textile waste.

Mr. Diego Boeri, Executive President of Indorama Ventures’ Fibers business, said: “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. Fang Jiayu, Chief Commercial Officer (International Market) of Jiaren Chemical Recycling, emphasized the partnership’s importance: “Already today, Jiaren Chemical Recycling is among the biggest PET textile chemical recyclers globally, and we are continuously expanding our capacity. Partnering with a global powerhouse like Indorama Ventures is an opportunity for us to expand reach, helping to solve the world’s textile waste crisis, and secure diverse stable supply chains for brand owners and customers worldwide.”

The joint venture is subject to regulatory approvals before its official launch. Once operational, it will combine Indorama Ventures’ global scale with Jiaren’s technological expertise, driving innovation in textile recycling and advancing sustainability efforts across the textile value chain. The partnership highlights the industry’s growing commitment to resource efficiency, waste reduction, and long-term environmental responsibility.