Indorama Ventures

Indorama Ventures Public Company Limited (SET: IVL) is a global sustainable chemical company headquartered in Bangkok, Thailand. Founded in 1994, Indorama Ventures has grown to become the world's largest producer of polyethylene terephthalate (PET) and a major manufacturer of integrated oxides and derivatives, and fibers.

The company operates through three main business segments: Combined PET, Integrated Oxides and Derivatives, and Fibers. Its products serve major customers in diversified end-use markets including beverages, food, personal and home care, healthcare, automotive, and textiles. As of 2024, Indorama Ventures has a global manufacturing footprint spanning 35 countries with over 140 operating sites and approximately 26,000 employees worldwide. In 2022, the company reported annual revenue of USD 18.7 billion.

Indorama Ventures is strongly focused on sustainability and circularity in its operations. The company has set ambitious targets to recycle 50 billion PET bottles per year by 2025 and has committed to investing USD 1.5 billion to build recycling infrastructure globally. In line with this goal, Indorama Ventures has developed innovative products like 100% recycled polyester yarns for PPE and is working on bio-based PET alternatives. The company is listed on the Dow Jones Sustainability Indices and aims to reduce its net debt to around USD 4.3 billion by 2026 as part of its IVL 2.0 strategy to enhance operational efficiency and shareholder value.