Nigerian Breweries Takes 29% Stake In Ogun PET Recycling Facility

As part of efforts to strengthen sustainable packaging and support the growth of Nigeria’s recycling industry, Nigerian Breweries Plc has entered into a strategic partnership to establish a food-grade recycled polyethylene terephthalate (rPET) production facility in Ogun State.

In a notice filed with Nigerian Exchange Limited on Thursday, the brewer disclosed that its role in the project will be limited to that of a minority investor, holding a 29 per cent equity stake, and that it will not be involved in the control or management of the proposed facility.

According to the disclosure, the recycling project will be executed through Indorama Ventures Recycling Solutions Limited, a special purpose vehicle established to develop, own and operate the facility.

The initiative will involve collaboration with global partners, including Indorama Ventures Public Company Limited, which will serve as the major partner, and Genesis Energy Group as a minority partner.

Indorama Ventures, described as a global sustainable chemical company, is widely regarded as the world’s leading recycler of PET used in beverage packaging, while Genesis Energy Group is expected to provide infrastructure and energy expertise to support the project.

Nigerian Breweries said the investment aligns with its broader sustainability agenda while also supporting the expansion of Nigeria’s recycling ecosystem.

The company added that the partnership will help secure a reliable future supply of PET materials for its operations, particularly as Nigeria moves toward mandatory recycled PET usage under the National Policy on Plastic Waste Management.

It further noted that the proposed transaction remains subject to regulatory approvals, technical validation and operational implementation.

The development is expected to strengthen Nigeria’s circular economy by promoting large-scale plastic waste recycling while advancing sustainable packaging solutions in the beverage industry.