Partnership backed by Indorama Ventures’ double-digit m$ investment in Jiaren’s recycling capacity
Bangkok, Thailand / Zheijang, China – November 11, 2025 – Indorama Ventures’ Fibers business, a leading global supplier of recycled technical textiles, polyester fibers and yarns, and Jiaren Chemical Recycling, a technology leader in chemical polyester recycling, form a joint venture to accelerate circularity in the global textile industry.
Both partners plan to leverage the joint venture to unlock up to 100,000 tonnes of textile-recycled PET spinning capacity annually, thereby enhancing the resilience and transparency of the global textile supply chain and optimizing the value both partners deliver to the industry.
Indorama Ventures’ global manufacturing footprint across APAC, EMEA, and the Americas along with the company’s proven ability to build efficient regional supply chains enable brand owners to establish local sourcing hubs where they need them. Jiaren Chemical Recyling’s ability to source, sort, de-color, de- and re-polymerize textile waste makes chemical textile recycling available at scale. That means fibers and yarns from this recycled feedstock allow brand owners to realize their climate targets and reduce textile waste at scale, while maintaining well-known material performance for consumers.
▲Group Photo of Members from Indorama Ventures (a member of Indorama Group) and Jiaren
Mr. Diego Boeri, Executive President of Indorama Ventures’ Fibers business, said: “The textile industry’s waste problem as well as the next generation’s expectations regarding climate protection cannot be solved by one company alone. It requires significant investment in infrastructure, technology and operations. Only together, all value chain players can build circular business models. Regulators need to help nurture the appetite for required investments,
in particular in Europe, and consumers need to understand a lot better what happens in today’s global material flows to make educated buying choices. At Indorama Ventures, we strongly believe in the power of tightly woven relationships, with our customers and all other parties. We aim to lead the shift towards a circular textile economy.That’s why we back this joint venture with a double-digit million $ equity investment in Jiaren’s recycling capacity.We consider Jiaren Chemical Recycling the most advanced technology player in chemical textile recycling today.This strategic partnership is our next significant contribution to making our ambition of a circular textile industry real.”
▲Exhibits of the Cooperation Project between Indorama Ventures (Indorama Group) and Jiaren
Mr. Fang Jiayu, Chief Commercial Officer (International Market) of Jiaren, confirmed the goal to lead from the front:“Already today, Jiaren Chemical Recycling is among the biggest PET textile chemical recyclers globally, and we are continuously expanding our capacity. Partnering with a global powerhouse like Indorama Ventures is an opportunity for us to expand reach, helping to solve the world’s textile waste crisis, and secure diverse stable supply chains for brand owners and customers worldwide.”
About Indorama Ventures
Indorama Ventures PCL, listed in Thailand (Bloomberg: IVL.TB), is one of the world’s leading sustainable petrochemicals producers, with a manufacturing footprint serving local and regional customers across Europe, Africa, Americas, and Asia Pacific. Our ~25,000 employees reimagine chemistry to create safe, responsible materials that sustain life-critical industries and improve the lives of billions of people. Our segments - Combined PET, Fibers, Indovinya, and Indovida - produce indispensable
chemistry serving essential markets, including food & beverages, textiles, pharmaceuticals, home & personal care, automotive, and agrochemicals. The company’s diverse businesses generated revenue of $15.4 billion in 2024. Indorama Ventures is listed in the Dow Jones Best-In-Class Indices, recognizing our ambition to lead change and shape a future where materials are more innovative and circular. www.indoramaventures.com | LinkedIn.
About Jiaren (Jiaren Chemical Recycling)
Jiaren Chemical Recycling is a wholly owned subsidiary of Zhong Jian Xin Group, which has deep roots in the green industry and sustainable development, providing solid support for Jiaren Chemical Recycling’s strategic layout. Since its startup phase, Jiaren Chemical Recycling has formed a technical partnership with Teijin. Through subsequent independent industrialization reform, it has unwaveringly focused on the textile circularity track and today stands as a global leader in the chemical recycled polyester industry with 12 years of mature industrialization experience.
We specialize in three core areas: establishing textile recyclingsystems, developing circular regeneration technologies, and expanding high-value application scenarios for recycled materials, going beyond merely supplying recycled materials themselves. Our vision is to build a closed-loop system. Through a transparent and responsible production system, we transform textile wasteinto high-value application products, driving true circular development in the polyester industry.
Today, Jiaren Chemical Recycling has entered a new stage of development: on the basis of its existing annual capacity of 30,000 metric tons, it has added a second production base, which will unlock an annual capacity of 150,000 metric tons of circular recycled polyester. This capacity upgrade will enable the resource recycling of over 240,000 metric tons of used textiles annually, significantly reducing the consumption of virgin petrochemical resources and injecting strong momentum into the sustainable transformation of the global textile industry.
Media Contacts
Indorama Ventures
Tanja Molitor
press.fibers@indorama.net
Jiaren Chemical Recycling
Ryan Han
marketing-jiaren@jiarenrecy
