BANGKOK -- Thailand's Indorama Ventures, the world's top producer of PET, will spend $1.5 billion to triple its plastics recycling operations, an ambitious goal backed by growing demand among green-minded beverage producers.
Indorama has been aggressively acquiring companies that recycle polyethylene terephthalate, a material used in plastic bottles, in recent years. It aims to expand its recycling capacity to 750,000 tons a year by 2025 from the current roughly 250,000 tons.
