Indorama Ventures Public Company Limited, Nigerian Breweries Plc and Genesis Power and Energy Solutions Ltd have entered a strategic partnership to establish one of Africa’s largest state-of-the-art recycled PET (rPET) production facilities in Nigeria.

The landmark collaboration marks a significant step towards strengthening circular economy infrastructure and sustainable packaging value chains across the region.

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 yearly, with start up targeted in the first half of 2027, a statement by the partners said.

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 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.

Commenting on the landmark partnership, 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.”

Chairman and CEO of Genesis Energy, Akinwole II Omoboriowo, said: “This compelling initiative demonstrates Genesis’s commitment 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.”