Indorama Ventures and Carbios to build PET biorecycling plant in France

Indorama Ventures and Carbios signed a non-binding MOU to form a joint venture to build the world's first PET biorecycling plant in Longlaville, France, with a total capital investment of about €230 million. Indorama Ventures plans to contribute about €110 million. Construction is expected to start by end of 2023, with commissioning targeted in 2025.

“Indorama Ventures plans to mobilize about €110 million for the Joint Venture in equity and non-convertible loan financing.”beta.indoramaventures.com

• 2 sources
• beta.indoramaventures.comIndorama Ventures | Indorama Ventures and Carbios reaffirm partnership to build first-of-a-kind PET biorecycling plant in FranceMay 31, 2023
• indoramaventures.comIndorama Ventures and Carbios reaffirm partnership to build first-of-a-kind PET biorecycling plant in France | Indorama VenturesJun 1, 2023

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