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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.
Nestlé Waters North America signed an agreement with recycled PET supplier CarbonLITE, which is building a third facility in Pennsylvania expected to produce 80 million pounds of rPET pellets per year.
CarbonLITE plans a new 200,000-square-foot rPET processing facility in the Lehigh Valley area of Pennsylvania, expected to be in full production by early 2020. It is expected to produce 80 million pounds per year of food-grade rPET pellets.
Nestlé Waters North America signed a significant agreement with recycled PET supplier CarbonLITE, which is expanding its U.S. operations. The company already buys rPET from CarbonLITE facilities in California and Texas.
