Advancing circularity in the Philippines through new Zero Waste to Landfill initiative

The Philippines has been adopting smart recycling in a bid to promote plastic circularity and advance towards more sustainable solutions to its plastic waste problem. Initiatives from the private sector have seen the utilisation of innovative technologies to reduce waste and provide for more efficient recycling of post-consumer plastics.

One recent development was the move of Indorama Ventures Public Company Limited, a global sustainable chemical company, in advancing the circular economy through a new Zero Waste to Landfill initiative at its recycling site PETValue Philippines, further demonstrating how collaboration across industries can maximize resource efficiency and reduce waste.

PETValue Philippines is the country’s first food-grade, bottle-to-bottle recycling facility, and the largest in the Philippines.

Through its recycling business, IndoNova, Indorama Ventures transforms post-consumer PET bottles into high-quality food-grade recycled PET (rPET), helping keep valuable materials in circulation. While bottle-to-bottle recycling remains at the heart of its operations, the company continues to explore innovative partnerships that extend circularity beyond the recycling process. This commitment is being brought to life through PETValue Philippines, a joint venture with Coca-Cola Europacific Aboitiz Philippines, that has now partnered with Republic Cement & Building Materials, one of the Philippines' leading cement manufacturers, to launch the Zero Waste to Landfill initiative.

Located in Cavite, PETValue Philippines is the country's first bottle-to-bottle, food-grade PET recycling facility which recycles PET bottles into new food-grade packaging. In the process, caps and labels that cannot be recycled, are recovered by ecoloop, Republic Cement's resource recovery business, and co-processed as an alternative fuel in cement manufacturing, ensuring they continue to deliver value while reducing waste.

"At IndoNova, we believe circularity doesn't end when a bottle becomes a bottle again," said Pankaj Sinha, Business Head, Recycling – IndoNova, Indorama Ventures. "We are continuously looking for new ways to recover value from every possible material throughout the recycling process. This partnership shows how innovation and collaboration can help eliminate waste, improve resource efficiency, and bring us closer to a truly circular economy."

PETValue Philippines, a joint venture with Coca-Cola Europacific Aboitiz Philippines, partners with Republic Cement & Building Materials to launch the Zero Waste to Landfill initiative.

Integrated circular solution

By combining PETValue's bottle-to-bottle recycling capabilities with Republic Cement's resource recovery expertise, the initiative creates an integrated circular solution that keeps more materials in productive use. The partnership demonstrates how cross-industry collaboration can unlock additional value from resources.

"We help our partners recover value from waste while reducing landfill dependency. This partnership with PETValue is a strong example of circularity in action," said Atty. Angela Edralin-Valencia, Director of ecoloop.

The Zero Waste to Landfill initiative reflects Indorama Ventures' commitment to continuously advancing circularity beyond bottle-to-bottle recycling. Since entering the recycling business in 2011, the company has recyclednearly 180 billion post-consumer PET bottles and today recycles more than 700 PET bottles every second. By combining world-leading recycling expertise with innovative partnerships that unlock value from materials throughout the recycling process, Indorama Ventures is helping reduce waste, strengthen circular systems, and accelerate the transition to a more sustainable future.

Representatives from PETValue Philippines and Republic Cement engage in discussions at the PETValue recycling facility, highlighting the shared commitment to advancing circular economy solutions through the Zero Waste to Landfill partnership.

Present during the launch of the Zero Waste to Landfill partnership on 3 July 2026 were representatives of PETValue Philippines Corporation and Republic Cement & Building Materials, Inc.including Russel Ibit, CCEAP Finance Strategy Director; Angela Edralin-Valencia, Ecoloop Managing Director; Eduardo Aboitiz, Aboitiz Equity Ventures Vice President for Synergy; Joel Potian, PETValue Philippines Corporation Site Head; Francis Dominic Bobier, PETValue Philippines Corporation Chief Financial Officer

Background: Opening of the largest PET recycling plant in the Philippines 

In October 2022, Indorama Ventures Public Company Limited announced the official opening of its PETValue bottle-to-bottle recycling plant in the Philippines, in partnership with Coca-Cola Beverages Philippines—the bottling arm of Coca-Cola in the country. The plant is IVL’s latest recycled PET facility as the global integrated petrochemicals company builds on its position as the world’s largest producer of recycled resin used in plastic beverage bottles.

PETValue Philippines, located in General Trias in Cavite Province south of Manila, is the country’s first food-grade, bottle-to-bottle recycling facility, and the largest in the Philippines. It was built by IVL in partnership with Coca-Cola Beverages Philippines, Inc. in accord with The Coca-Cola Company’s ‘World Without Waste’ program to collect and recycle the equivalent of every bottle it sells by 2030. As a result of the joint venture with Coca-Cola, IVL recycles about 2 billion additional used PET (polyethylene terephthalate) plastic bottles in the Philippines every year and create about 200 new local jobs. The plant will wash and shred post-consumer bottles into flakes to produce recycled PET resin that is suitable for use in food-contact applications.

Managed under IVL’s regional business lead for Recycling Vertical Anivesh Tewari, PETValue brings together an experienced leadership team led by Site Manager Joel Potian, who has nearly three decades of manufacturing and chemical engineering expertise in the Philippines and Korea. He is supported by Aris Castillo as Chief Financial Officer, formerly from Coca-Cola Beverages Philippines with more than 10 years in supply chain finance and manufacturing.

Sanjay Ahuja, Executive President of Combined PET, Indorama Ventures, said, “PETValue is an important development for IVL, for our partner Coca-Cola, and for the Philippines community. IVL, as the largest producer of recycled PET resin, is bringing our global experience and know-how to grow capacity and recycle more bottles. This, together with our partner Coca-Cola’s powerful consumer footprint, represents significant potential for us, as purposeful companies, to close the loop on plastic bottle recycling and help resolve waste in the Philippines.”

IVL has already surpassed the half-way milestone* towards meeting its 2025 target of increasing its recycling capacity to 750,000 tons per year. The company is investing US$1.5 billion globally to expand recycling facilities and sustainable production, including a new ambition to reach post-consumer PET bale input of 1,500,000 tonnes per year by 2030.

PETValue has introduced the most advanced technology and infrastructure in the Philippines, helping to improve collection and recycling rates and prevent leakage into waterways. The plant encourages a more robust waste value chain to help address the growing post-consumer waste management problem in the Philippines. The unique PET plastic used in soft drinks and water bottles is 100% recyclable and the most collected plastic packaging in the world. Global brands including Coca-Cola are using more recycled plastic in their bottles to close the loop and deliver a circular economy.

Indorama Ventures Public Company Limited is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia Pacific, Europe and Americas. The company’s portfolio comprises Integrated PET, Olefins, Fibers, Packaging and Specialty Chemicals. Indorama Ventures products serve major FMCG and automotive sectors, i.e. beverages, hygiene, personal care, tire and safety segments. Indorama Ventures has approx. 20,000 employees worldwide and consolidated revenue of US$ 10.7 billion in 2018.   

In August 2025, Indorama Ventures announced that it has recycled more than 150 billion post-consumer PET bottles since 2011. This significant milestone underscores the company’s long-term commitment to circular economy practices and its sustained investment in global recycling infrastructure. With more than 20 recycling facilities across 11 countries, supported by strong business partnerships and optimised operations, Indorama Ventures collectively recycles 789 bottles every second — transforming used PET into high-quality recycled PET (rPET) resins and other circular materials. These are used across various industries globally, supporting Indorama Ventures and its customers in achieving their sustainability goals.

Since beginning its recycling journey in 2011, Indorama Ventures has meaningfully accelerated its impact. The company reached its first major milestone of 50 billion bottles recycled in March 2020 and doubled that figure to 100 billion bottles in 2023,. The company has reached the 150 billion mark which reflects both growing global demand for recycled content and the company’s strategic investments in infrastructure, partnerships, and innovation to scale up recycling at speed.