Indorama Ventures (IVL), headquartered in Thailand, has committed to further increase its use of post-consumer polyethylene terephthalate (PET) and polyester waste materials as feedstock for the future.

Commenting on the recent global agreement to combat plastic waste, led by the Ellen MacArthur Foundation, Aloke Lohia, Group CEO of Indorama Ventures, said: “We are proud to be part of the Ellen MacArthur Foundation’s New Plastic Economy initiatives, and to work together with key players towards the vision of a circular economy for plastics.”

“It is important for us to be able to offer added value to our customers with our product, while protecting the environment in the best possible way. This is a key step to help us achieve our aspiration of being a world-class chemical company making great products for society.”

“Global solutions are needed to address the root causes of plastic waste and pollution. We believe there is more to be done to ensure the positive role of a good and sustainable chemical company.”

Indorama Ventures is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and North America. The company’s portfolio comprises Necessities and High Value-Added (HVA) categories of polymers, fibres, and packaging, selectively integrated with self-manufactured Ethylene Oxide/Glycols and PTA.

Indorama Ventures products serve major FMCG and automotive sectors, i.e. beverages, hygiene, personal care, tire and safety segments.

www.indoramaventures.com