IVL Gets 85 Stake in UCY Polymers,A Czech-Based PET Plastic Recvcler

摘要

Prague-Indorama Ventures(IVL)has completed the purchase of an 85 equity interest in UCY Polymers CZ,a polyethylene terephthalate(PET)plastic recycler based in the Czech Republic.As a result of the investment,IVL will recycle around 1.12-billion additional post-consumer PET bottles a year in the Czech Republic by 2025,increasing the total bottles recycled by UCY across the Czech Republic,Germany and Central Europe to 1.6-billion bottles per year."UCY is a strategic fit for IVL as a backward integration into the company's expanded recycled PET(rPET)footprint in Europe and across the world to secure feedstock for rPET products,"IVL noted.