DAK Americas, LLC and Shaw Industries Group, Inc. will form a new joint-venture company, Clear Path Recycling, LLC, to produce Recycle PET (RPET) from post-consumer PET bottles. DAK, the second largest PET Resin and largest Polyester Staple Fiber producer in the Americas and Shaw, the world's largest carpet manufacturer and leading floor covering provider, will both utilize the RPET material as a feed stock to enhance the value and sustainability of their offerings. The joint venture will build a PET recycling facility to recycle over 280 million pounds annually of PET bottles (about 5 bln bottles) at Fayetteville, NC at the DAK Americas' Cedar Creek Site.
The RPET material will primarily be used by DAK and Shaw in their polyester based products. Construction of the first phase of the new facility is expected to begin in mid 2009 and be operational by the 1st quarter of 2010. According to the two companies, recycling 280 million pounds of PET bottles will save over 1 million cubic yards per year of landfill space. Besides, this will also conserve approximately 2.5 trillion BTUs of energy annually, which is equal to the amount of primary energy necessary to power 18,000 U.S. homes per year, according to Energy Information Administration data.