Lohia family

EQS-News: Carbios and Indorama Ventures reaffirm partnership to build first-of-a-kind PET biorecycling plant in France

Retrieved on: 
Friday, June 2, 2023
International joint venture, Plastic, Partnership, Innovation system, PET, Recycling, Joint venture, IVL, Documentation, Bloomberg, MOU, Engineering, ESG, Textile, Renewable energy, Carbios, Lohia family, Indorama Ventures, Longlaville

Subject to the successful performance of this first plant in France, Indorama Ventures confirms its intention to potentially expand the technology to other PET sites for future developments.

Key Points: 
  • Subject to the successful performance of this first plant in France, Indorama Ventures confirms its intention to potentially expand the technology to other PET sites for future developments.
  • Pursuant to this MOU, Indorama Ventures shall ensure 100% of output repolymerization and both partners shall collaborate to secure feedstock supply.
  • Part of Carbios’ equity injection into the Joint Venture shall be financed by a portion of Carbios’ current cash position (i.e.
  • The project is part of Indorama Ventures’ Vision 2030 ambition to build on its leadership as a global sustainable chemical company.

Carbios and Indorama Ventures Reaffirm Partnership to Build First-of-a-kind PET Biorecycling Plant in France

Retrieved on: 
Thursday, June 1, 2023
Other Manufacturing, Environment, Chemicals, Plastics, Manufacturing, Sustainability, Biotechnology, Green Technology, Health, Recycling, International joint venture, Plastic, Partnership, Euronext Growth, Innovation system, PET, Multimedia, Joint venture, IVL, Documentation, Bloomberg, MOU, Engineering, ESG, Textile, Renewable energy, Carbios, Lohia family, Indorama Ventures, Longlaville

Subject to the successful performance of this first plant in France, Indorama Ventures confirms its intention to potentially expand the technology to other PET sites for future developments.

Key Points: 
  • Subject to the successful performance of this first plant in France, Indorama Ventures confirms its intention to potentially expand the technology to other PET sites for future developments.
  • Pursuant to this MOU, Indorama Ventures shall ensure 100% of output repolymerization and both partners shall collaborate to secure feedstock supply.
  • The project is part of Indorama Ventures’ Vision 2030 ambition to build on its leadership as a global sustainable chemical company.
  • After successful ongoing operations in its demonstration plant in Clermont-Ferrand in France, Carbios has been collaborating with Indorama Ventures for over a year to assess the commercial and technical feasibility of the technology.

Origin Materials and Indorama Ventures Announce a Strategic Partnership to Accelerate the Mass Production of Bio-Based Materials

Retrieved on: 
Tuesday, May 9, 2023
Other Manufacturing, Environment, Textiles, Packaging, Chemicals, Plastics, Manufacturing, Sustainability, Forest Products, Natural Resources, Plastic, Rich Riley, Partnership, Vision 2030, CMF, PET, Multimedia, Carbon, Plant, FDCA, Chemical industry, Bloomberg, MOU, Textile, Rare-earth element, Renewable energy, Lohia family, Indorama Ventures

Origin Materials, Inc. (“Origin” “Origin Materials”), the world’s leading carbon negative materials company, and Indorama Ventures Public Company Limited, the world’s largest producer of virgin and recycled PET resins, today announced a strategic partnership to accelerate the mass production of bio-based materials.

Key Points: 
  • Origin Materials, Inc. (“Origin” “Origin Materials”), the world’s leading carbon negative materials company, and Indorama Ventures Public Company Limited, the world’s largest producer of virgin and recycled PET resins, today announced a strategic partnership to accelerate the mass production of bio-based materials.
  • Initiatives include evaluating the use of existing Indorama Ventures’ units in the United States with some modification to commercially produce bio-based materials.
  • Under this arrangement, Indorama Ventures would convert derivatives of Origin Materials’ platform chemical CMF (chloromethylfurfural) into various sustainable chemicals and bio-based plastics.
  • Driving the commercialization of bio-based materials production will create advantages for Indorama Ventures as well as the chemical industry and other sectors.