Demand for recycled PET increases
Indorama Ventures (IVL), one of the world’s largest petrochemical producers, plans to invest US$1.89 billion (68 billion baht) over three years, noting a gradual recovery of the global petrochemical industry and asset optimisation should enable the company to return to its previous earnings peak by 2026.
Founder and chief executive Aloke Lohia said the focus of capital expenditure (capex) continues to be recycling and increasing capacity in circular and bio-based materials, including investing in major…
