Indorama Ventures’ Fibers business and Jiaren Chemical Recycling have entered into a joint venture aimed at accelerating circularity in the global textile industry. The collaboration combines Indorama’s worldwide production network with Jiaren’s expertise in chemical polyester recycling to scale high-quality recycled textile feedstock.
The partnership targets an annual capacity of up to 100,000 tonnes of textile-recycled PET spinning. This initiative is expected to enhance supply chain transparency, strengthen material resilience, and optimise the value delivered to textile brands worldwide.
Indorama Ventures brings an extensive manufacturing footprint across Asia-Pacific, Europe, the Middle East, Africa, and the Americas, enabling efficient local supply networks. Jiaren Chemical Recycling’s technology supports advanced processes in sourcing, sorting, decolouring, and re-polymerising textile waste, turning it into high-performance fibres and yarns that meet quality standards while reducing environmental impact.
According to Diego Boeri, Executive President of Indorama Ventures’ Fibers business, addressing textile waste and meeting climate goals requires collective industry efforts and strategic investments. He highlighted the company’s commitment to circularity through a double-digit million-dollar equity investment in Jiaren’s recycling capacity.
Fang Jiayu, Chief Commercial Officer (International Market) at Jiaren, stated that partnering with Indorama Ventures provides an opportunity to expand global reach, tackle textile waste challenges, and ensure stable supply chains for brand owners. The joint venture remains subject to relevant regulatory approvals.