Indorama Ventures and Jiaren Chemical Recycling formed a joint venture to expand textile recycling capacity and accelerate global circularity in polyester production.
Indorama Ventures’ Fibers business, a globally recognized supplier of recycled technical textiles, polyester fibers, and yarns, has entered into a strategic joint venture with Jiaren Chemical Recycling, a leading innovator in chemical polyester recycling. This collaboration marks a significant step toward advancing circularity in the global textile industry by combining the strengths of two sustainability-driven organizations.
Through this joint venture, both companies aim to establish up to 100,000 tonnes of textile-recycled PET spinning capacity per year, enhancing the circular economy within the textile sector. The initiative is designed to strengthen global textile supply chain resilience, increase transparency, and optimize value creation for brand owners and end-users alike.
Indorama Ventures brings to the partnership an extensive manufacturing footprint spanning Asia-Pacific, Europe, the Middle East, Africa, and the Americas. The company’s established regional networks allow for the creation of localized sourcing hubs, enabling brand owners to reduce logistical dependencies and carbon footprints. On the other hand, Jiaren Chemical Recycling contributes its proprietary expertise in sourcing, sorting, de-coloring, de-polymerizing, and re-polymerizing textile waste—capabilities that make chemical textile recycling scalable and commercially viable.
The fibers and yarns produced from Jiaren’s recycled feedstock will help global fashion and textile brands achieve their climate and sustainability goals. These materials not only reduce textile waste but also maintain the performance, quality, and durability that consumers expect from conventional polyester-based products.
Mr. Diego Boeri, Executive President of Indorama Ventures’ Fibers business, emphasized that addressing global textile waste and meeting next-generation climate expectations requires collaborative action. “No single company can solve these challenges alone—it demands substantial investment in technology, infrastructure, and operational excellence,” he said. Boeri added that policymakers, particularly in Europe, play a crucial role in supporting circular business models, while consumers must become more aware of the material lifecycle to make informed purchasing decisions.
He further stated that Indorama Ventures is committed to driving circularity through strong industry partnerships. The company’s multi-million-dollar equity investment in Jiaren’s recycling capacity reflects its confidence in Jiaren’s cutting-edge technology. “We view Jiaren as the most advanced player in chemical textile recycling. This partnership is another major milestone in our mission to build a truly circular textile economy,” Boeri noted.
Echoing this sentiment, Mr. Fang Jiayu, Chief Commercial Officer (International Market) at Jiaren Chemical Recycling, highlighted that the company is already among the world’s largest PET textile chemical recyclers. “Our collaboration with Indorama Ventures gives us a greater platform to scale up capacity, tackle the global textile waste challenge, and ensure more secure and sustainable supply chains for brand owners worldwide,” Jiayu said.
The closing of this joint venture remains subject to relevant regulatory approvals.
