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Indorama Ventures to develop new IOD research center in Texas

June 15/2021

MOSCOW (MRC) -- Indorama Ventures Public Company Limited, a global petrochemical producer, has started developing a new technology center under its Integrated Oxides & Derivatives (IOD) business at The Woodlands, Texas, said the company.

The new facility will be the companys U.S. research and development hub for new products used in the home, personal and industrial cleaning, agrochemicals, energy, lubricants, mining, and coatings markets.

Extensive designing and engineering of the research center will start in coming months, and full occupation is expected in early 2022, IVL said.

It will be a hub for IOD research in the Americas, with links to sister facilities in Australia, India, and China.

IVLs integrated oxides and derivatives site at The Woodlands, Texas, was acquired from Huntsman in January last year.

The Woodlands facility will also support IVLs fibres and PET segments on various sustainability projects.Extensive designing and engineering of the research center will start in coming months, and full occupation is expected in early 2022. It will be a hub for IOD research in the Americas, with links to sister facilities in Australia, India, and China. The Woodlands facility will also support IVLs Fibers and PET segments on various sustainability projects. IVL, the worlds biggest maker of fully recyclable PET bottles, is investing USD 1.5 billion to towards its recycling and net zero targets.

As per ScanPlast, Russia's calculated consumption of polyethylene terephthalate (PET) grew to 263,660 tonnes in the first four months in 2021, up 13% compared to the same period in the previous year.
78.3% of the increase in consumption falls on the share of bottled PET chips due to the virtual absence of exports and an increase in the volume of imports.


mrcplast.ru
Author:Anna Larionova
Tags:paraxylene (PX), PET-granulate, terephthalic acid, PET bottles, PET films, PET preforms, Indorama Ventures PLC, Russia, USA.
Category:General News
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