Indorama Ventures and Jiaren Chemical Recycling Partner to Boost Global Textile Circularity

According to a recent announcement from Indorama Ventures’ Fibers business, the company has entered into a joint venture with Jiaren Chemical Recycling to accelerate chemical recycling technologies and promote circularity across the global textile industry. The partnership, backed by a double-digit million-dollar equity investment from Indorama Ventures, aims to expand Jiaren’s advanced polyester recycling capacity and strengthen the global supply of recycled fibers.

It is reported that the new venture will enable up to 100,000 tonnes of textile-to-textile recycled PET spinning capacity annually, helping to increase transparency and resilience within the global textile supply chain. Both companies said the collaboration is designed to deliver consistent material performance for brand owners while significantly reducing textile waste and carbon emissions.

According to Indorama Ventures, its extensive manufacturing footprint across Asia-Pacific, EMEA, and the Americas will support localized sourcing and efficient regional supply chains for global customers. Jiaren, recognized as one of the technology leaders in chemical polyester recycling, brings expertise in sorting, decolorizing, depolymerizing, and repolymerizing textile waste—making chemical recycling possible at an industrial scale. Together, the two companies plan to build a closed-loop system that supports climate goals and sustainability commitments across the fashion and textile sectors.

“Textile waste and climate challenges cannot be solved by one company alone,” said Diego Boeri, Executive President of Indorama Ventures’ Fibers business. “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.”

In a statement, Fang Jiayu, Chief Commercial Officer (International Market) at Jiaren, noted that partnering with 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.”

Industry observers noted that the move comes amid rising global pressure on textile producers to reduce waste and increase recycled content. According to reports from European regulatory agencies, the Ecodesign for Sustainable Products Regulation (ESPR) and new Extended Producer Responsibility (EPR) schemes are accelerating the shift toward circular production models. As brands set ambitious sustainability targets, the demand for high-quality chemically recycled polyester is expected to surge.

Analysts said chemical recycling, though capital-intensive, provides a scalable solution to handle complex textile waste streams that mechanical methods cannot process. The Indorama–Jiaren collaboration, they added, could serve as a model for cross-border partnerships aimed at achieving true material circularity in the textile sector.

Source: Indorama Ventures

SUNSHINE Spotlight: The collaboration centers on expanding Jiaren’s chemical polyester recycling capacity through Indorama Ventures’ investment and global manufacturing reach, directly linking advanced recycling technology with large-scale fiber production.