Bangkok, Thailand – 12 March 2026 — Indorama Ventures Public Company Limited, a global
sustainable chemical company, together with Nigerian Breweries Plc, the foremost brewer in Nigeria,
and Genesis Power & Energy Solutions Ltd, a leading African clean energy infrastructure development
and asset management company, have entered a strategic partnership to establish one of Africa’s largest
state-of-the-art recycled PET (rPET) production facilities in Nigeria, based on planned production
capacity. The landmark collaboration marks a significant step toward strengthening circular economy
infrastructure and sustainable packaging value chains across the region.
Located in Lagos, the site represents is 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.
The partnership brings together complementary strengths across the PET value chain. Indorama
Ventures, the world’s largest recycler of PET for beverages, contributes expertise in sustainable materials
development. Nigerian Breweries, a Heineken operating company, provides strong local market insight
and engagement across Nigeria’s beverage ecosystem, while Genesis Energy supports the initiative with
sustainable infrastructure and energy expertise. The project is expected to support recycling capacity in
Nigeria, subject to regulatory approvals, technical validation, and operational implementation. Together,
the partners aim to establish commercially viable rPET operations that enable responsible growth and
long-term environmental impact.
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. Lagos, as Nigeria’s commercial hub,
provides a strategic base to develop recycling infrastructure capable of serving both national and regional
demand.
Commenting on the landmark partnership, Yash Lohia, Executive President of Petchem and
Chairman of ESG Council at Indorama Ventures, 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.”
With a global recycling footprint spanning 20 facilities across 11 countries, Indorama Ventures has
recycled more than 160 billion postconsumer PET bottles into high-quality recycled materials. The Nigeria
facility represents the company’s first recycling investment in Africa and the largest recycling plant
Indorama Ventures has ever built, underscoring the scale of the company’s long-term commitment to
circular infrastructure, advanced recycling technology, and partnerships that strengthen collection,
education, and innovation across the value chain.
Genesis Energy supports the partnership by enabling sustainable infrastructure and energy solutions that
underpin low carbon industrial development and circular economy systems across Africa. The company
operates across 11 African countries, with utility-scale generation projects of more than 780MW in
operations, ongoing construction, and advanced development in Nigeria, South Africa, Benin Republic,
Zambia, Rwanda, Zimbabwe, Mali and United Kingdom, as well as a project development pipeline north
of 4.5GW. It deploys solar, wind, battery storage, and natural gas solutions, and is pursuing an ambition
to allocate up to $2 billion annually over the next five years, with a targeted 10 GW of installed and
contracted capacity.
Speaking on the partnership, 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.
The signing of the partnership agreement represents the first milestone in a longer-term development
roadmap and reflects a shared commitment by the partners to invest responsibly, support sustainable
packaging solutions, and contribute to Nigeria’s transition toward a more circular and resource-efficient
economy.
