Firms targets plastic waste with major recycling plant
2026-03-13 - 05:46
Global sustainable chemical company Indorama Ventures Public Company Limited, foremost brewer in Nigeria Nigerian Breweries Plc, and leading African clean energy infrastructure development and asset management company Genesis Power & Energy Solutions Ltd have partnered to establish one of Africa’s largest state-of-the-art recycled PET (rPET) production facilities in Nigeria, based on planned production capacity. PET production facilities are industrial plants focused on manufacturing or recycling the most common plastic resin used in packaging, such as beverage bottles, food containers and clothing. This initiative aligns with Nigeria’s National Policy on Plastic Waste Management, introduced in 2020 to strengthen collection, recycling and circular economy solutions, with the goal that all plastic packaging be recyclable, biodegradable, compostable, or reusable by 2030. Located in Lagos, the site represents an investment to develop a facility capable of producing up to 45,000 tons of food‐grade rPET resin annually, with start‐up targeted in the first half of 2027. By converting post‐consumer PET bottles into high‐quality recycled material for packaging applications, the initiative aims to meet fast‐rising demand for recycled content, reduce plastic waste, and create local value through improved collection systems, job creation and increased participation across the recycling value chain. Commenting on the development, Executive President of Petchem and Chairman of ESG Council at Indorama Ventures, Yash Lohia, said: “This partnership marks a defining milestone in our global recycling journey. By establishing our largest recycling facility to date and one of the largest rPET sites in Africa, we are bringing Indorama Ventures’ global expertise, proven technologies, and long-term vision for circularity to a region with immense growth potential. This investment reflects our belief that scaling sustainability solutions locally is essential to building resilient, sustainable packaging systems that deliver lasting environmental and economic value.” Also speaking, Chairman and CEO of Genesis Energy, Mr. Akinwole II Omoboriowo, said: “This compelling initiative demonstrates Genesis’ commitments to deploying capital to climate resilient investments by leveraging clean energy as a strategic nexus to advancing viable economic opportunities. The investment is also a testament to how cross-sector partnerships can enable sustainable industrial development. By combining circular economy principles with resilient infrastructure and energy solutions, the initiative supports long-term environmental impact and local value creation.” Beyond industrial investment, the project is expected to contribute to broader environmental and socio-economic objectives through increased PET collection, diverted plastic waste away from landfill, and sustained engagement with local communities to promote best practices in waste collection and recycling.