#Recycling / Circular Economy

2020-10-08

Indorama Ventures joins the World Economic Forum’s global plastic action partnership

Indorama Ventures Public Company Limited (IVL) today announced that it has joined the World Economic Forum’s Global Plastic Action Partnership (GPAP). The global multi-stakeholder partnership aims to reduce plastic leakage into the environment and is driving the transition to a circular economy for plastics. This partnership is aligned with Indorama Ventures 2019 commitment to increase recycled content volumes of PET by at least 750,000 tonnes, pledging US$ 1.5 billion towards achieving this target by 2025.

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.”

“Joining GPAP is a clear statement of Indorama Ventures’ commitment to sustainability and advancing the circular economy,” said Mr. Kristin HUGHES, GPAP Director and Member of the Executive Committee at the World Economic Forum. “Their global presence, fully integrated model and decades of recycling know-how means they are uniquely placed to close the loop for PET plastic.

“We look forward to working with Indorama Ventures and learning from their experience with collection systems around the world. Together we can drive high-potential solutions to improve collection, ensuring plastic never ends up as waste.”

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

Circulose and CTA announce collaboration to enable lyocell fibers using CIRCULOSE® pulp

Circulose has announced an agreement with China Textile Academy Green Fibre (CTA) to offer lyocell fibers produced using CIRCULOSE® pulp. Producing lyocell from recycled pulp at commercial scale is an important step in making textile-to-textile recycled materials available across a wider range of textile applications.

Solving the Feedstock Gap: Unlocking Post-consumer Feedstocks for Textile-to-Textile Recycling in Europe

Fashion for Good launches Project FAE (Feedstock Activation Europe) to develop the sorting and pre-processing infrastructure needed to channel non-rewearable post-consumer textiles into textile-to-textile (T2T) recycling at scale. The project is a practical response to one of the most pressing problems in textile circularity: making post-consumer waste a viable, commercially competitive raw material for recyclers.

BASF at Techtextil 2026: Helping to shape the future of the textile industry with tangible solutions

At the leading international trade fair for technical textiles and nonwovens from April 21 to 24, 2026 at the Messe Frankfurt, BASF will present numerous solutions and new projects in the textile sector to customers and partners at booth B 68 in hall 11.0. The focus is on product innovations and future-oriented technologies.

BTMA backs global growth while investing in future UK leaders

As one of a number of new initiatives launched this year, the British Textile Machinery Association (BTMA) is launching the UK-India Textile Machinery Coalition. The UK-India Free Trade Agreement, signed in July 2025, has implications that extend across sourcing, competitiveness and long-term trade dynamics, believes BTMA CEO Jason Kent.

China projected to increase cotton production, yields, and imports in 2026/27

World cotton production in the 2026/27 season is projected at 25.9 million tonnes, exceeding global consumption of 25.2 million tonnes, according to the May 2026 issue of Cotton This Month. That means both production and consumption are expected to remain close to current season levels, while global cotton trade is projected to decline by 2.7% to approximately 9.6-9.7 million tonnes.