"The FTC's regulatory clearance represents an important milestone and a giant step towards serving the growing market needs of Recyclable PET for many years to come. With the approvals in place, we look forward to assist and fast track the construction and create hundreds of jobs to workers with this project," said Aloke Lohia, Group CEO, IVL. The agreement with Custom Polymers consists of two production lines; Recycled Polyethylene Terephthalate (rPET) Flake and food-grade rPET Pellets, with a combined capacity of 31,000 tons/annum.