The collaboration aims to achieve up to 100,000 tonnes of textile-recycled polyethene terephthalate (PET) spinning capacity per year. Indorama Ventures said that this move will strengthen the “resilience and transparency” within the international textile supply chain, while also improving the value provided by both partners to the industry. The completion of the joint venture is contingent upon receiving the necessary regulatory approvals. Indorama Ventures fibres business executive president Diego Boer ...