Indorama Ventures and Jiaren Chemical Recycling Form Joint Venture for Global Textile Circularity
Indorama Ventures’ Fibers business and Jiaren Chemical Recycling have formed a joint venture to significantly accelerate circularity in the global textile industry. Announced on November 26, 2025, the partnership aims to unlock up to 100,000 tonnes of annual textile-recycled PET spinning capacity. This collaboration leverages Indorama Ventures' global manufacturing footprint and Jiaren's advanced chemical recycling technology, enabling brand owners to achieve climate targets by reducing textile waste and ensuring resilient supply chains.
On November 26, 2025, Indorama Ventures’ Fibers business, a prominent global supplier of recycled technical textiles, polyester fibers, and yarns, announced a strategic joint venture with Jiaren Chemical Recycling, a technology leader in chemical polyester recycling. This partnership is designed to significantly accelerate circularity within the global textile industry, with the ambitious goal of unlocking up to 100,000 tonnes of textile-recycled PET spinning capacity annually. The collaboration aims to enhance the resilience and transparency of the global textile supply chain while optimizing value for all industry stakeholders.Indorama Ventures contributes its extensive global manufacturing presence across APAC, EMEA, and the Americas, along with its proven ability to establish efficient regional supply chains, enabling brand owners to create local sourcing hubs. Jiaren Chemical Recycling provides its advanced capability to source, sort, de-color, de- and re-polymerize textile waste, making chemical textile recycling available at scale. This allows for the production of fibers and yarns from recycled feedstock that help brand owners achieve their climate targets and reduce textile waste, all while maintaining high material performance.Mr. Diego Boeri, Executive President of Indorama Ventures’ Fibers business, emphasized that addressing textile waste and climate protection necessitates significant, collaborative investment in infrastructure, technology, and operations. He called for all value chain players to build circular business models, supported by regulators and informed consumers. Indorama Ventures is backing this initiative with a double-digit million-dollar equity investment in Jiaren’s recycling capacity, recognizing Jiaren as the most advanced technology player in chemical textile recycling today.Mr. Fang Jiayu, Chief Commercial Officer (International Market) of Jiaren, affirmed the goal to expand their global reach through this partnership, helping to resolve the world’s textile waste crisis and secure diverse, stable supply chains for brand owners and customers worldwide. The closing of this joint venture is subject to relevant regulatory approvals.
