It also protects and preserves food, reducing about 154 million tons of food waste costing €143 billion per year across the EU.
Indorama Ventures Public Company Limited (IVL) and Evertis, a pioneer in sustainable PET barrier films, are collaborating to use flake from recycled PET trays to produce PET film suitable for food packaging trays. The partnership is an important step in diverting PET trays from landfill or incineration to support the EU’s recycling targets and create a circular economy for PET trays.
This development supports a closed-loop economy for PET trays by giving consumers more sustainable options and enabling packaging producers to meet their recycled content targets. It also protects and preserves food, reducing about 154 million tons of food waste costing €143 billion per year across the EU.
Marta Matos Gil, Chief Sustainability Officer at Evertis, said, “PET trays are crucial to provide safety and convenience to consumers, ensuring longer shelf life for food and reducing waste. For some time, our industry has had a goal to create circular solutions for these essential products. Indorama Ventures’ innovative recycling methods shows how we can create a truly circular economy by developing infrastructure and capacity to collect, sort and recycle PET trays and transform them back into valuable raw material. This partnership helps Evertis to meet our sustainability goals and boost our product innovation in terms of circularity, recyclability, and eco-design. This is crucial in the current market, where our clients face new packaging regulations and consumers are concerned about the environmental impact of the products they buy. Evertis can meet both those needs.”
According to the company, the new recycling technology has the potential to divert more than 50 million post-consumer PET trays from landfill or incineration each year.
Yash Lohia, Chairman of IVL’s ESG Council said, “We can support a circular economy by conducting rigorous testing at every stage of the process, from sorting and recycling to conversion, to ensure the highest quality. Our Deja sustainable ingredients brand, including rPET, supports the EU’s plastic collection and recycling targets.”
Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2023 on 13-14 July 2023, Novotel Mumbai International Airport, Mumbai
Tamilnadu Petroproducts gets India's First BIS certification under IS 12795: 2020 for high-quality LAB Production
Creating policy and regulatory frameworks could accelerate the green hydrogen ecosystem: B. S. Bhalla
Subscribe To Our Newsletter & Stay Updated