Thailand’s petrochemical giant Indorama Ventures Pcl plans to increase its use of renewable energy as part of efforts to cut its carbon footprint. Chief Sustainability Office Yash Lohia said Indorama would increase solar, wind, and other renewable energy sources at its over 120 manufacturing sites worldwide from 6% of its power bill currently to 30% in 2030. He said that the company would install more solar panels at its plants in Thailand, India, and other countries.
Indorama is also actively acquiring recycling business as part of a $1.5 billion spending plan to increase its reuse of plastic bottles in the production of polyethylene terephthalate (PET). Indorama’s customers, especially beverage producers, have raised the proportion of recycled materials content in packaging to meet environmental regulations as well as requirements from customers and investors, Lohia said.
