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CarbonLite filed for Chapter 11 bankruptcy earlier this year.

Clare Goldsberry

June 24, 2021

1 Min Read
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Image: GDM photo and video/Adobe Stock

Indorama Ventures Public Co. Ltd. (IVL) announced on June 14, 2021, completion of the acquisition of the assets of CarbonLite, a significant recycled polyethylene terephthalate (rPET) producer, at a bankruptcy auction.

IVL made the winning bid to acquire the rPET assets of CarbonLite Holdings LLC and its subsidiaries, according to a May 27, 2021, announcement. CarbonLite filed for Chapter 11 bankruptcy earlier this year, but had long-standing relationships with major brands. The assets acquired are located in Dallas, TX, with a combined capacity of approximately 92 kilotons per annum, consisting of 48 kilotons of rPET pellets and 44 kilotons of flakes.

The acquisition brings IVL closer to its rPET commitment of 750 kilotons per annum by 2025, said IVL’s announcement.

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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