# Indorama Ventures and Loop Industries form JV for sustainable PET in US

Indorama Ventures and Loop Industries will form a 50/50 joint venture to manufacture and commercialise 100% sustainable PET resin and polyester fibre using Loop's depolymerisation technology. Indorama will retrofit one of its existing US plants for the venture, with commercial production expected to begin in Q1 2020.

- Type: Partnership
- Announced: 2018-10-06
- Where: United States (existing Indorama plant to be retrofitted), United States
- Status: announced
- Products: sustainable PET resin, polyester fibre
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (partner)
- [Loop Industries](https://endata.com/companies/4019.md) (partner)

## Sources

- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/indorama-and-loop-to-partner-for-sustainable-pet-from-plastic-waste-in-the-us/), 2018-10-06: "It is expected that Indorama will retrofit one of its existing plants in the US for the recycling joint venture, using Loop's depolymerisation technology."

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