On April 4, 2018, Unilver announced a partnership with Ioniqa and Indorama Ventures to pioneer a technology that converts Polyethylene Terephthalate (PET) waste back into transparent virgin grade material for use in food packaging. This technology, developed by Ioniqa, aims to increase the percentage of PET that is recycled by making it possible to convert all PET waste, including colored packs, back into PET after separating out color and other contaminates. Unilever’s partnership is testing the feasibility of this technology at an industrial scale, with the goal of making the PET stream fully circular.