Indorama Ventures, a global leader in petrochemicals and sustainable materials, has announced a substantial investment of $150 million in the establishment of three PET (polyethylene terephthalate) recycle plants in India, as reported by Business Standard. This significant investment underscores the company’s commitment to promoting sustainable practices and contributing to the circular economy in India. The PET recycle plants are expected to play a vital role in reducing plastic waste and conserving resources, aligning with global efforts to address environmental challenges. Indorama Ventures’ commitment to sustainable initiatives reflects the growing importance of responsible business practices and environmental stewardship within the petrochemical industry. This investment signifies a positive step towards a more sustainable future in India’s manufacturing and materials sector.