JBF Global Europe BV (JBF Belgium), a provider of sustainable PET solutions, and JBF Bahrain WLL (JBF Bahrain), an advanced producer of Biaxially Oriented PET films, have announced a new chapter for the companies after completion of their financial restructuring in October 2024.
This important inflection point underscores a redefined purpose and commitment to delivering innovative, sustainable products that are built on ethical trading practices and proven quality. Both companies offer logistical advantages, with JBF Belgium centrally located in Europe, and JBF Bahrain situated within Bahrain’s Free Trade International Investment Park.
Founded in 2012, JBF Belgium is Europe’s leading and most advanced PET production facility with assets boasting an annual capacity of 432,000 tonnes. The company specializes in products such as Virgin PET resin (vPET), which boasts a carbon footprint 19.7% lower than the European industrial average, catering to food, pharmaceutical, and medical applications.
and distribution processes.
The company is a pioneer of chemically recycled PET resin (rPET), with up to 30% post-consumer recycled (PCR) content, designed for healthcare, non-food, food, and beverage applications, aligning with the 2025 Single Use Plastic Directive as well as the 2030 Packaging and Packaging Waste Regulation targets.
The company’s sister entity, JBF Bahrain, is a leading producer of Biaxially Oriented PET Films (BOPET), with manufacturing facilities having a production capacity of 90 ktpa.
The site produces a comprehensive range of film specifications, for applications such as packaging, photovoltaic, electrical insulation, labelling and flat screens. JBF Bahrain’s synergies with JBF Belgium also make JBF Bahrain a leading producer of high quality chemically recycled PCR film and reinforces joint efforts and commitment toward global sustainability initiatives.
A new beginning, a redefined purpose
This marks a pivotal turning point for JBF Belgium and JBF Bahrain, enabling the companies to continue their focus on innovation and environmental responsibility while enhancing their production capabilities and streamlining operations. Following completion of their financial restructuring, and with strong financial backing from global financial institutions, both JBF Belgium and JBF Bahrain will be well capitalized with enhanced governance, new leadership and new directorship, bringing an unwavering focus on delivering consistent high quality, dependably supply.
“This is a transformative moment for both companies, reinforcing our commitment to growth, customer service and sustainability, which remains at the heart of everything we do,” said a Director of the companies. “By doing what we say, we create continuous value to our customers and partners by delivering simple, innovative solutions to today’s complex market challenges. The financial backing underlines a shared vision for long-term growth and innovation within the polyester and packaging industry. With our redefined focus, we will raise the bar on PET packaging products.”
