Indorama to invest $150m

Singapore: Bangkok-headquartered and Indian majority-owned Indorama Ventures Public Co Ltd is investing $150 million in three PET recycling plants in India, aiming to start commercial production in 2026. “We have obtained basic regulatory approvals and land acquisition is going on nearer to our three existing PET-producing plants at Haldia, Nagpur and Panipat,” Indorama Ventures Group CEO Aloke Lohia told PTI of the investment plans on the sidelines of the 21st Forbes Global CEO Conference on Tuesday.