Press Release
Indorama Ventures showcases sustainability innovation at COP29 in Azerbaijan
Bangkok, Thailand – November 19, 2024 – Indorama Ventures Public Company Limited, a global sustainable chemical company, showcased its latest advancements in recycling and sustainability at the 29th United Nations Climate Change Conference (COP29), held from November 11 to 22 in Baku, Azerbaijan.
Indorama Ventures participated in COP29, one of the world’s most critical forums for climate action, through its company booth and at the Thailand Pavilion, in partnership with the Thai government. The company showcased its milestone achievement of recycling over 130 billion post-consumer PET bottles from February 2011 through October 2024. The company’s latest innovations—from sustainable PET packaging solutions to renewable personal care products—underscore its commitment to producing “Indispensable Chemistry” that touches billions of lives every day. Highlights included the SIPA Sparkling Wine Bottle, the world’s first sustainable monolayer PET bottle for sparkling wine, developed in partnership with SIPA; the world's first commercial-scale bio-PET bottle made from ISCC+ certified bio-paraxylene, as part of a supply chain collaboration with Suntory, ENEOS Corporation, Mitsubishi Corporation, Iwatani and Neste, for Suntory Group Japan product lines; and the OXISMOOTH® line, a multifunctional emollient range made entirely from renewable resources.
Indorama Ventures was also involved in COP29’s thought leadership panels. Anthony M. Watanabe, Chief Sustainability Officer, spoke about “The Six Secrets of Circularity,” explaining how a circular economy could reduce global emissions by 40% by 2050. He emphasized the urgent need for international cooperation, including the upcoming global plastic treaty, to drive systemic environmental change, and shared insights on how Indorama Ventures collaborates across the value chain to scale circular solutions.
Ermis Panagiotopoulos, Head of Sustainability Advocacy for EMEA, Harsha Reddy, Global Head of Sustainability Development, and Naweensuda Krabuanrat, Head of Global CSR, also represented the company in discussions that explored pathways to a low-carbon future and reinforced Indorama Ventures’ commitment to sustainability leadership.
Yash Lohia, Chairman of the ESG Council at Indorama Ventures, said, “COP29 is an invaluable platform to present our latest ESG achievements and reinforce our commitment to addressing climate and other sustainability challenges. Our collaboration with the Thai government and ongoing investments in sustainable technologies reflect Indorama Ventures’ dedication to driving meaningful change in the chemical industry and having a positive impact on the environment and our communities worldwide.”
COP29 unites nations, businesses, and environmental advocates to drive progress toward a sustainable, low-carbon future. Indorama Ventures actively contributes to these efforts, sharing solutions that support a circular economy and inspire collective action on climate goals.
