Bangkok, Thailand, October 10, 2023 -- Indorama Ventures Public Company Limited, a global sustainable chemical company, is sponsoring and participating in the Sustainability Expo 2023 (SX2023) to showcase the company's commitment to PET recycling and applying sustainable solutions in the chemical industry. Indorama Ventures’ sustainability journey is on display from 2-8 October at Booth D9, Better Living Zone, G floor, Queen Sirikit National Convention Center, Bangkok.
Under the theme of “The Future of Recycling”, Indorama Ventures’ exhibition highlights the latest sustainable solutions that are poised to revolutionize PET recycling, heralding a future in which circular products become the new norm. The company’s commitment includes investments in advanced recycling, bio-based feedstocks, and partnerships with sustainable start-ups. These collaborations include innovation in enzymatic recycling with Carbios, introducing biotransformation technology with Polymateria, and exploring the production of bio-PTA and bio-PET with Origin Materials.
Questions around this news
What sustainability initiatives did Indorama Ventures feature at Sustainability Expo 2023?
The company said its exhibition covered PET recycling, advanced recycling investments, bio-based feedstocks, and collaborations with sustainable start-ups. It highlighted work with Carbios on enzymatic recycling, Polymateria on biotransformation technology, and Origin Materials on exploring bio-PTA and bio-PET production. The booth also presented household products, the company’s sustainability strategy, and recycling education and community outreach efforts.
What is enzymatic recycling?
Enzymatic recycling uses enzymes—biological molecules that speed up chemical reactions—to break certain plastics into smaller chemical building blocks. Those materials may then be used to make plastic again. The process differs from mechanical recycling, which typically sorts, cleans, and physically reprocesses plastic without breaking it down into its chemical components.
What are bio-based feedstocks?
Bio-based feedstocks are raw materials derived wholly or partly from biological sources, such as plants or other renewable biomass, rather than solely from fossil resources. They can be used as inputs to make chemicals and materials. Their use does not by itself establish the overall environmental impact of a product, which depends on how the materials are sourced and processed.
What does circularity mean for PET packaging?
In packaging, circularity refers to keeping materials in use and reducing the amount that becomes waste. For PET, this can involve collecting used packaging, sorting it, and recycling it into material for new products. How circular a system is depends on factors such as collection, recycling capacity, and whether the recovered material can be used again.
The company’s booth display demonstrates the versatility and circularity of PET as a sustainable packaging material, its product portfolio of daily household necessities, sustainability strategy, and alignment with the U.N.’s Sustainable Development Goals (SDGs), as well as corporate social responsibility initiatives to promote recycling education and community outreach.
Anthony M. Watanabe, Chief Sustainability Officer of Indorama Ventures, said, “Indorama Ventures has always been at the forefront of PET recycling, having recently celebrated our milestone of recycling 100 billion post-consumer PET bottles. Now, we are striving to enhance our recycling capabilities and become a future-ready organization through more innovative and sustainable technologies and materials. These investments will help us meet even higher sustainability standards, further reduce our carbon footprint, and fulfill Indorama Ventures’ purpose of reimagining chemistry together to create a better world”.
Apart from the exhibition booth, Indorama Ventures is participating in Sustainability Expo 2023’s panel discussion on “Business Leadership in Sustainability” and is leading a recycling education workshop in the SX Kids Zone.
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At a glance
- Company
- Indorama Ventures Public Company Limited
- Announcement
- Event
- Location
- Bangkok, Thailand
Key figures
- Post-consumer PET bottles recycled, as stated by the company
- 100 billion
People
- Anthony M. WatanabeChief Sustainability Officer of Indorama Ventures
