Nigerian Breweries Takes 29% Stake in rPET Recycling Plant Through Strategic Partnership
Nigerian Breweries Plc has entered into a strategic partnership to support the establishment of a food-grade recycled Polyethylene Terephthalate (rPET) production facility in Ogun State as part of efforts to strengthen sustainable packaging and recycling infrastructure in Nigeria.
The disclosure was made in a corporate filing signed by Company Secretary Uaboi G. Agbebaku on Thursday, March 12, 2026, and submitted to the Nigerian Exchange Limited (NGX) and the investing public.
According to the company, its participation in the initiative will be limited to a minority investment representing a 29 percent equity stake.
Nigerian Breweries clarified that despite its financial commitment, it will not participate in the control or management of the new recycling business.
The project will be executed through Indorama Ventures Recycling Solutions Limited, a special purpose vehicle created specifically to develop, own and operate the recycling facility.
The initiative is being implemented in collaboration with Indorama Ventures Public Company Limited and Genesis Energy Group.
Indorama Ventures will serve as the major partner in the project. The company is widely recognized as a global sustainable chemicals manufacturer and is currently regarded as the world’s leading recycler of PET materials used in beverage packaging.
Genesis Energy Group will also participate in the partnership as a minority investor. The company is expected to contribute expertise in sustainable infrastructure development and energy solutions to support the recycling operation.
Nigerian Breweries explained that the investment aligns with its long-term sustainability objectives and broader environmental commitments.
The company stated that the partnership will contribute to the development of Nigeria’s local recycling industry while helping ensure a reliable supply of recycled PET materials for its packaging operations.
The development comes at a time when regulatory authorities are pushing for stronger environmental compliance within the manufacturing and beverage sectors.
The Federal Government’s National Policy on Plastic Waste Management includes a roadmap that encourages and in some cases mandates the use of recycled plastic materials such as rPET in packaging production.
Industry analysts say the partnership places Nigerian Breweries in a strategic position to meet future regulatory requirements while also strengthening its sustainability profile.
The proposed recycling facility is expected to process used PET bottles and convert them into food-grade recycled materials suitable for beverage packaging and other industrial uses.
By securing access to locally produced recycled PET materials, Nigerian Breweries could reduce reliance on imported packaging inputs while contributing to circular economy initiatives within the country.
The company noted that the transaction remains subject to regulatory approvals, technical validation and operational implementation before full execution.
Directors of Nigerian Breweries Plc currently include Mrs. J.C. Anammah as Chair, T.F.B. Boidin as Managing Director and Chief Executive, Mrs. O.A. Akande, Mrs. A.O. Aroyewun, G.B.M. Duverdier, M.A. Karaseva, Mrs. S.O. Ojekwe-Onyejeli, J.A.A. Overmars, R. Pirmez and I.A. Puri.
Market observers believe the project could become one of Nigeria’s most significant investments in plastic recycling infrastructure as companies increasingly align operations with global environmental standards and local regulatory expectations.
Nigerian Breweries stated that further updates will be provided once regulatory approvals and implementation milestones are achieved.
The company maintains an investor relations portal on its corporate website for shareholders and analysts seeking additional information regarding its operations and strategic initiatives.
