PETpla.net Insider 07+08 / 2021

7 NEWS PETplanet Insider Vol. 22 No. 07+08/21 www.petpla.net New facility in Indonesia to recycle 2 billion PET bottles annually Thailand-based Indorama Ventures Public Company Limited (IVL), producer of recycled PET for beverage bottles, announced it will build a facility in Karawang, West Java, to recycle 1.92 billion PET bottles a year in support of the government’s plan to reduce ocean debris. The facility, which is planned to launch in 2023, will create 217 new jobs. It is part of IVL’s global commit- ment to divert post-consumer PET bottles away from waste and back into the circular economy, supporting the Government of Indonesia’s National Plan of Action on Marine Plastic Debris. The recycling plant will provide the washed and shredded post-consumer bottles as PET flake feedstock to produce recycled resin that is suitable for food contact use. Indorama Ventures has six Indonesian sites across Purwakarta, Cilegon, Tangerang and Karawang. With this new recycling facility, IVL brings a circular business model to support our Indonesian operations. In 2019 Indorama Ventures announced it aims to recycle a mini- mum of 750,000 metric tons of PET globally by 2025, investing up to US$1.5 billion to achieve this goal. IVL’s new plant in Karawang, along with its other recycling facilities in Southeast Asia, will work with existing PET flake production facilities in Indonesia. www.indoramaventures.com ! %%% " # " #! !# " " &" " "# $ #! ! % " " " " ' " ! ! 9 !' " #! " # ! " 9 " ! 9 " " ! " ! ! ! ! " " !" " % # 17 th China International Recycled Polyester Conference & Exhibition The 17 th China International Recycled Polyester Conference & Exhi- bition will take place from September 13-15, 2021 in the Holiday Inn Shanghai Hongqiao, China. For those who are not able to be present in Shanghai, the organisers are offering a global live stream. The Party Central Committee have proposed the major strategic targets to reach the CO 2 emission peak by 2030 and achieve carbon neutrality by 2060. Technological innovation to achieve the “dual carbon” goal has also become a market highlight. As a sustainable green low- carbon fibre, recycled chemical fibre becomes an attraction for green investments, with a large amount of new capacity expected to come on stream in 2021. With more large-scale enterprises entering the recycling industry, small and medium-sized chemical fibre enterprises are facing increas- ing challenges from capacity expansions of industry giants. Meanwhile, the imbalance between excess recycling capacity and upstream raw material supply is becoming more evident. As a result, market compe- tition has seen increasing disorder. In the face of the large expansion, how should companies identify their positioning and re-layout? What changes are taking place with quality standards and industry norms for recycling? Is there more room for breakthroughs in recycled raw material technology? Focusing on the themes of substitution and anti- substitution, positioning and breakthrough, necessity of market regula- tion, Recycled Fiber Commission of CCFA, China National Chemical Fiber Corp, China Chemical & Fiber Economic Information Network (CCFEI), Dr Thiele Polyester Technology, based on the successes in the past 16 years, are again to jointly present an event to support recycling economy and provide networking opportunities. www.www.ccfei.net