Indorama Ventures’ Fibers business, a major producer of recycled technical textiles, polyester fibers, and yarns, has announced a joint venture with Jiaren Chemical Recycling, a leader in chemical polyester recycling. The partnership aims to create up to 100,000 tonnes of textile-recycled PET spinning capacity each year, marking a significant move toward reducing textile waste and building stronger, more sustainable global supply chains.

Diego Boeri, Executive President of Indorama Ventures’ Fibers business, said, “Mismanaged textile waste and rising expectations for climate action cannot be addressed by one company alone. It takes major investment in infrastructure, technology, and operations. Only by working together across the value chain can we create true circular business models.”

He also highlighted the role of supportive policies: “Regulators, especially in Europe, must encourage investment, and consumers need a clearer understanding of global material flows to make informed choices. At Indorama Ventures, we believe in strong partnerships. Our double-digit million-dollar investment in Jiaren’s recycling capacity shows our commitment to building a circular textile industry. Jiaren is the most advanced technology player in chemical textile recycling, and this partnership is another step toward our circularity goals.”

Fang Jiayu, Chief Commercial Officer (International Market) at Jiaren, added, “Jiaren is already one of the world’s largest PET textile chemical recyclers, and we continue to expand our capacity. Partnering with a global leader like Indorama Ventures gives us the opportunity to extend our reach, tackle the global textile waste challenge, and provide stable and diverse supply chains for brands and customers worldwide.”