Mr. Yashovardhan LOHIA, Chief Sustainability Officer, Indorama Ventures said, “We are proud to join the World Economic Forum’s Global Plastic Action Partnership. By joining GPAP we will advance our shared goal of ending PET plastic waste. Harnessing the convening power of the World Economic Forum, GPAP is bringing together governments, businesses, and civil society to forge circular solutions – at both the global and national levels. Our recycling facilities across the world can close the loop and deliver a circular economy for PET plastic.”

“We produce a unique type of recyclable plastic called PET. PET is most commonly used plastic for beverage bottles and is the most collected and recycled plastic packaging in the world. It is important for us to offer added value to our customers with sustainable recycled products.

“In March this year, we recycled our 50 billionth PET bottle since we started in 2011. We want to go further because we know PET is fully recyclable, by 2025 we aim to recycle 50 billion bottles a year. To achieve this, we have committed up to USD 1.5 billion to expand the recycling infrastructure the world needs. The GPAP community is championing this shift to a circular economy and helping the world to understand the benefits of a closed-loop approach.”