Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico) and Indorama Ventures Ltd. (IVL; Bangkok, Thailand)have each acquired plastics recycling facilities from CarbonLite Recycling LLC.
Alpek has acquired CarbonLite’s Polyethylene Terephthalate (PET) recycling and pelletization facility in Reading, Pennsylvania.The site was acquired for $96 million on a debt-free basis and is subject to customary conditions precedent. Alpek was strongly interested in CarbonLites’s Reading site, as it is outfitted entirely with brand-new equipment, including state-of-the-art curbside bottle handling, wash lines, and a solid-state polymerizer (SSP) that enables production of food-grade pellet, which is needed for bottle-to-bottle recycling. The site has a bottle-to-flake and flake-to-pellet input capacity of 115,000 tons and 49,000 tons, respectively, making it the largest integrated rPET facility in the Americas. The site is expected to conclude commissioning and begin production ramp-up in the third quarter of 2021.
Indorama won bids to acquire CarbonLite’s recycling PET (rPET) assets located in Texas. The assets to be acquired are located in Dallas, Texas, with a combined capacity of approx. 92,000 ton/yr, consisting of 48,000 ton/yr of rPET pellets and 44,000 ton/yr of flakes.