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The polyethylene terephthalate (PET) maker Indorama Ventures has nearly tripled capacity at its recycling plant in Juiz de Fora, Brazil, to 25,000 metric tons per year. The company spent $20 million on the project, which included installing equipment to wash and grind bottles. The International Finance Corporation, a member of the World Bank, provided the Thailand-based firm with a $300 million loan for such projects in Thailand, Indonesia, the Philippines, India, and Brazil.
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