Sanjay Ahuja, Executive President of Combined PET, Indorama Ventures, said, "PETValue is an important development for IVL, for our partner Coca-Cola, and for the Philippines community. Aris Castillo as Chief Financial Officer, formerly from Coca-Cola Beverages Philippines with more than 10 years in supply chain finance and manufacturing. Joel Potian, who has nearly three decades of manufacturing and chemical engineering expertise in the Philippines and Korea. Anivesh Tewari, PETValue brings together an experienced leadership team led by Site Manager Mr. Managed under IVL's regional business lead for Recycling Vertical Mr. The plant will wash and shred post-consumer bottles into flakes to produce recycled PET resin that is suitable for use in food-contact applications. As a result of the joint venture with Coca-Cola, IVL will recycle about 2 billion additional used PET (polyethylene terephthalate) plastic bottles in the Philippines every year and create about 200 new local jobs. in accord with The Coca-Cola Company's 'World Without Waste' program to collect and recycle the equivalent of every bottle it sells by 2030. It was built by IVL in partnership with Coca-Cola Beverages Philippines, Inc. PETValue Philippines, located in General Trias in Cavite Province south of Manila, is the country's first food-grade, bottle-to-bottle recycling facility, and the largest in the Philippines. The plant is IVL's latest recycled PET facility as the global integrated petrochemicals company builds on its position as the world's largest producer of recycled resin used in plastic beverage bottles. Bangkok, Thailand - 14 October 2022 - Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announced the official opening of its PETValue bottle-to-bottle recycling plant in the Philippines, in partnership with Coca-Cola Beverages Philippines-the bottling arm of Coca-Cola in the country.
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