Chemical recycler Revalyu Resources GmbH is bringing the company's glycolysis technology to the United States through a $50 million project.

The firm is acquiring 43 acres in Statesboro, Ga., with plans to build a 225,000-square-foot PET recycling plant with an initial capacity of up to 225,000 pounds per day.

For Vivek Tandon, the company's founder, the move into the United States, in general, and the Southeast, specifically, makes sense.

"From India, we ship quite a lot of products to this part of the world — and in particular, to customers here in the U.S. — so it make sense for us," Tandon said in a Jan. 27 phone interview just hours after expansion plans were announced.

"The U.S. has always been considered quite a long-term strategic marketplace. For us, now as a company that we have the new investor and growth potential, it's time for us to come into the U.S. here and supply our customers from a local plant," he said. "That's the main driving force."

» Publication Date: 27/01/2023

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