# Indorama Ventures completes purchase of CarbonLite Dallas PET recycling plant

Indorama Ventures completed its acquisition of CarbonLite Holdings' Dallas, Texas PET recycling facility, bought for nearly $64 million in a bankruptcy auction. The site, renamed Indorama Ventures Sustainable Recycling, has combined capacity of 92,000 tons a year of food-grade rPET pellets and supports more than 130 jobs.

- Type: Acquisition
- Announced: 2021-06-14
- Where: Dallas, Texas, United States
- Value: $64.0M
- Jobs: 130
- Status: completed
- Capacity: 92,000 tons annually
- Products: food-grade rPET pellets, recycled PET bottles
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [CarbonLITE](https://endata.com/companies/4196.md) (partner)
- [CarbonLITE](https://endata.com/companies/4196.md) (target)

## Sources

- [recyclingtoday.com](https://www.recyclingtoday.com/news/indorama-closes-carbonlite-dallas-acquisition/), 2021-06-14: "Indorama Ventures (IVL), Bangkok, has completed its acquisition of CarbonLite Holdings' facility in Texas"
- [lowenstein.com](https://www.lowenstein.com/news-insights/firm-news/lowenstein-sandler-represents-longtime-client-indorama-ventures-in-completed-acquisition-of-carbonlite-s-texas-pet-recycling-facility), 2021-06-16: "Lowenstein represented Indorama Ventures (BKK: IVL), a global chemicals producer, in the completion of its acquisition of CarbonLite Holdings' facility in Texas"

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