Mexican petrochemicals company Alpek, as part of its strategy to achieve net zero greenhouse gas emissions by 2050, will resort to buying and merging business units.

Alpek announced a green target programme that aims to increase its PET bottle recycling capacity to 300,000 tonnes by 2025 and reduce its emissions by 2030 as a first step.

The company, one of the largest producers of PTA and PET acid globally, also plans to adjust its production plants to implement renewable energy sources. The plan will require significant investments, which will be funded by cash resources and an eventual foray into the sustainable bond market. As part of its environmental strategy, the petrochemical company acquired a recycling plant in the United States last June, and will continue to focus on finding more projects in this sector, which also represent good investment opportunities.