PET is the most widely recycled plastic in the world
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DAK Americas to Acquire PET Recycling Facility from Perpetual Recycling Solutions
Charlotte, NC, January 9, 2019 – DAK Americas LLC(DAK), an Alpek Polyester business, announces that it has signed an Asset Purchase Agreement with Perpetual Recycling Solutions, LLC (Perpetual) to acquire the Perpetual PET recycling facility in Richmond, IN.
The Perpetual PET recycling operations have an approximate annual capacity of 100 million lbs/yr (~45,000 tons/yr) of high quality Recycled Polyethylene Terephthalate (rPET) flake.
This facility will complement Alpek Polyester's current food-grade PET recycling capacity in Pacheco, Argentina and its fiber-grade recycling joint venture facility in Fayetteville, NC, USA.
“The acquisition of Perpetual and additional rPET capacity demonstrates Alpek Polyester's ongoing commitment to sustainable product offerings to meet growing customer and consumer demand for rPET content. The addition of this facility will allow us to expand our sustainability initiatives.” stated Jon McNaull, Vice President – PET Resins.
The terms of the agreement have not been disclosed and the acquisition is expected to be completed in the first quarter of 2019.
About Alpek Polyester:
The Alpek Polyester Business is an integrated brand comprised Grupo Petrotemex S.A. de C.V. and its subsidiaries, including DAK Americas LLC, which is wholly owned by Alpek, S.A.B. de C.V. of Monterrey, Mexico. The Alpek Polyester Business produces Terephthalic Acid (TPA/PTA), Polyethylene Terephthalate Resins (PET), Polyester Staple Fibers (PSF), Specialty Polymers and Green PET (Recycled and Renewable Bio-Based raw materials). Alpek Polyester is one of the largest integrated producers of PET resins in the world and the main producer of polyester staple fibers in the Americas. Alpek Polyester is focused on the future with numerous Sustainability initiatives across its business units.
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DAK Americas LLC, 1561 NW 11th Street, Richmond, Indiana 47374 (765) 259-3990 email@example.com
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