# Indorama Ventures, Suntory and Iwatani partner on circular PET preform plant in Thailand

Indorama Ventures' Indovida unit, Suntory, Suntory PepsiCo Beverage Thailand and Iwatani formed a partnership bringing Flake-to-Preform direct recycling technology to Thailand through a joint venture. The venture is expected to produce preforms equivalent to about 400 million bottles annually, supplied to Suntory PepsiCo from 2028.

- Type: Partnership
- Announced: 2026-08-24
- Where: Thailand
- Status: announced
- Capacity: approximately 400 million PET bottles' worth of recycled PET preforms annually
- Products: recycled PET preforms, PET packaging, FtoP recycling technology
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (partner)
- [Suntory](https://endata.com/companies/9531.md) (partner)
- [Suntory PepsiCo Beverage (Thailand)](https://endata.com/companies/14580.md) (customer)
- [Iwatani](https://endata.com/companies/14581.md) (partner)

## Sources

- [packagingsouthasia.com](https://packagingsouthasia.com/invest-ma-jv/indorama-venture-suntory/), 2026-08-24: "The joint venture marks the first commercial deployment of the technology in Southeast Asia and is expected to produce recycled PET preforms equivalent to approximately 400 million PET bottles annually."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.