Questions around this news
What sustainability activities did Indorama Ventures support at the 2024 IWF World Cup in Phuket?
The company and the Thai Amateur Weightlifting Association promoted proper handling of PET waste and placed collection points at the competition venue. Bottles gathered there were sent for recycling, generating additional income for venue operators. The company also supplied souvenir polo shirts made with recycled PET yarn and linked the activities to recycling education.
How many Olympic spots did Thailand’s weightlifters secure at the Phuket competition?
The release says Thai athletes secured four Olympic spots through their performances at the World Cup, which was the final qualifying round for the Paris Games. The spots were in the men’s 61 kg and 73 kg categories and the women’s 49 kg and above 81 kg categories.
What does recycled PET yarn mean?
Recycled PET yarn is made from polyethylene terephthalate (PET) that has been recovered and processed into material suitable for making fibers. Depending on the recycling process, the feedstock may include used bottles or other PET items. The yarn can then be woven or knitted into fabric for products such as clothing.
What does post-consumer PET mean?
Post-consumer PET is polyethylene terephthalate discarded after a consumer has used the product, such as a beverage bottle. It can be collected, sorted and processed for recycling. Keeping it separate from other waste can help it enter an appropriate recycling stream rather than being disposed of with mixed rubbish.
Bangkok, Thailand, May 15, 2024 -- 
Indorama Ventures Public Company Limited, a global sustainable chemical producer, supported the Thai Amateur Weightlifting Association (TAWA) on Thailand hosting the 2024 IWF World Cup competition in Phuket. This competition was the final qualifying round for athletes aspiring to compete in the 2024 Olympic Games in Paris.
As a result of their performance at the competition, held at Phuket Rajabhat University, Thailand’s athletes were able to secure four Olympics spots: two for men in the 61 kg and 73 kg categories, and two for women in the 49 kg and above 81 kg categories.
The TAWA’s partnership with Indorama Ventures promotes sustainability by enhancing recycling initiatives within Thai weightlifting. The partners promoted proper PET waste management and provided disposal points for post-consumer PET waste at the venue throughout the competition. This aligns with Indorama Ventures’ approach to corporate social responsibility, harnessing the power of education to benefit the community and the environment.
Collected PET bottles contributed additional income for the venue operators through recycling. In addition, Indorama Ventures provided 2,000 eco-friendly polo shirts made from Deja™100% recycled PET (rPET) yarn as souvenirs. Each polo shirt, made from twelve 600 ml PET bottles, features a breathable fabric that absorbs moisture efficiently, dries quickly, and is comfortable to wear. These initiatives encourage responsible practices in the weightlifting community and support Indorama Ventures' ambition to educate one million people globally about recycling.
Mrs. Suchitra Lohia, Deputy Group CEO and Chairperson of the Corporate Social Responsibility Committee at Indorama Ventures, said, “Our partnership with the Thai Amateur Weightlifting Association is a mutual commitment to sustainability and environmental awareness. We are advancing CSR initiatives that create shared social value through recycling education and waste separation. Through our partnership with TAWA, we provide funding for Thai weightlifting athletes, who have an international reputation for their exceptional performances. We congratulate the four Thai weightlifters who will proudly represent Thailand at the Olympics this year.”
Major General Intarat Yodbangtoey, Honorary President of the Thai Amateur Weightlifting Association (TAWA), expressed his gratitude, stating, "The support from Indorama Ventures transcends mere sports backing; it embodies the spirit of sportsmanship and steadfast commitment to sustainability. Their support elevates our sport and sets an exemplary standard for our social and environmental responsibilities."
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At a glance
- Company
- Indorama Ventures Public Company Limited
- Announcement
- Event
- Location
- Phuket, Thailand
Key figures
- Polo shirts provided
- 2,000
- Bottles used per polo shirt
- twelve 600 ml PET bottles
- Olympic places secured by Thai athletes
- four
- Global recycling education ambition
- one million people
People
- Suchitra LohiaDeputy Group CEO and Chairperson of the Corporate Social Responsibility Committee at Indorama Ventures
- Intarat YodbangtoeyHonorary President of the Thai Amateur Weightlifting Association
Products and programs
Earlier from Indorama Ventures Public Company Limited
- Indorama Ventures achieves ‘AA’ rating from MSCI for its ESG journey
- Indorama Ventures raises US$500 million through a syndicated loan from HSBC and Standard Chartered Bank
- Indorama Ventures raises US$255 million through Ninja loan as part of refinancing program
- ‘Waste Hero’ recycling education program delivers significant social value in Indonesia and the Philippines
- Indorama Ventures’ THB 10 billion debenture issuance draws strong interest from investors
