Indorama Ventures, Nigerian Breweries, Genesis Energy to Establish Major PET Recycling Plant in Lagos

Funmi Ogundare

Indorama Ventures Public Company Limited, in partnership with Nigerian Breweries Plc and Genesis Power and Energy Solutions Limited, has announced plans to establish one of Africa’s largest recycled polyethylene terephthalate (rPET) production facilities in Lagos, as part of efforts to strengthen sustainable packaging and circular economy infrastructure in the region.

The partners disclosed that the proposed facility, which will be located in Lagos, is designed to produce up to 45,000 tonnes of food-grade rPET resin annually, with operations expected to commence in the first half of 2027.

The initiative is aimed at converting post-consumer PET bottles into high-quality recycled materials for packaging applications, thereby addressing the growing demand for recycled content while reducing plastic waste and improving recycling systems in Nigeria.

According to the partners, the project will also create economic value through job creation and increased participation across the recycling value chain.

Executive President of Petchem and Chairman of the ESG Council at Indorama Ventures, Yash Lohia, described the collaboration as a major milestone in the company’s global recycling strategy.

“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 our global expertise, proven technologies and long-term vision for circularity to a region with immense growth potential,” he said.

Lohia noted that the investment reflects the company’s commitment to scaling sustainability solutions and building resilient packaging systems that generate long-term environmental and economic value.

Indorama Ventures currently operates 20 recycling facilities across 11 countries and has recycled more than 160 billion post-consumer PET bottles globally. The Nigeria facility will represent the company’s first recycling investment in Africa and its largest recycling plant to date.

Chairman and Chief Executive Officer of Genesis Energy, Akinwole II Omoboriowo, said the project underscores the role of strategic partnerships in advancing climate-resilient industrial development across Africa.

“This initiative demonstrates Genesis’ commitment to deploying capital toward climate-resilient investments by leveraging clean energy as a strategic nexus for advancing viable economic opportunities,” he said.

He added that the collaboration combines circular economy principles with resilient infrastructure and energy solutions to deliver long-term environmental impact and local value creation.

The companies noted that the project aligns with Nigeria National Policy on Plastic Waste Management 2020, which seeks to ensure that all plastic packaging in the country becomes recyclable, biodegradable, compostable or reusable by 2030.

They added that Lagos, Nigeria’s commercial hub, offers a strategic base for developing recycling infrastructure capable of serving both domestic and regional markets.

Beyond industrial investment, the partners said the facility would contribute to environmental sustainability by increasing PET bottle collection, reducing plastic waste sent to landfills and promoting responsible recycling practices through community engagement.

They added that the signing of the partnership agreement represents the first milestone in a broader development roadmap aimed at advancing sustainable packaging solutions and supporting Nigeria’s transition to a more circular and resource-efficient economy.