Indorama Ventures Public Company Limited (IVL) was established on 25 September 2009 in Bangkok, Thailand. As a world-class sustainable chemical company, IVL has built a global presence across 35 countries, operating 146 manufacturing facilities and employing 26,000 professionals. With a consolidated revenue of USD 14.6 billion in 2021, IVL leads the industry in PET and fiber production, catering to major customers across diverse end-use markets.
IVL’s business spans three core segments: Integrated Oxides and Derivatives, Combined PET, and Fibers. The company offers a wide range of petrochemical products, including feedstock, PET, packaging, fibers, and recycled materials. More than 70% of IVL’s revenue comes from product lines that hold leading market positions, demonstrating its strong presence across the value chain.
A Vision for Sustainable Growth
Guided by its vision, “Reimagining chemistry together to create a better world,” IVL embraces the challenges of a dynamic business landscape. The company’s mission is to be a responsible industry leader, leveraging the excellence of its people, processes, and technologies to create value for stakeholders. IVL continuously adapts to social needs and evolving customer demands while reinforcing its commitment to sustainability.
IVL’s Sustainability Strategy is built around three key pillars: Planet, People, and Prosperity. This framework strengthens its vision of being a world-class sustainable chemical company and aligns with its core business strategy. The company actively engages stakeholders and contributes to global efforts toward a sustainable and resilient economy, emphasizing collaboration to support the United Nations Sustainable Development Goals (SDGs).
Commitment to Net Zero Carbon
As part of its sustainability ambition, IVL is committed to achieving net zero carbon emissions. The company has set short-term (2025) and medium-term (2030) targets aligned with its Business and Sustainability Strategies, as well as the global agenda on Net Zero and End Plastic Waste. To further reinforce its dedication, IVL has developed a focused Decarbonization Strategy, building on its existing Climate Change Strategy. The company continuously sets more ambitious goals to accelerate its progress toward Net Zero Carbon by 2050–2070.
IVL’s Vitality Index (VI) measures the company’s progress in advancing product innovation, particularly in producing low-carbon and environmentally friendly products. The company also prioritizes leadership development, with targets set for 1,000 leadership positions involved in succession planning by 2023 and 3,500 leaders participating in its leadership development curriculum by 2024.
Enhancing Community Well-Being
IVL is dedicated to improving the well-being of local communities through various initiatives focused on health, well-being, and basic needs. These programs specifically support vulnerable groups, including people with disabilities and children’s mental and physical health. Since 2020, IVL’s well-being initiatives have benefited over 31,900 individuals.
Driving Sustainable Leadership
IVL’s sustainability framework aligns with its business and sustainability strategies, ensuring systematic governance and responsible operations. Each business segment has also developed its own sustainability framework in line with IVL’s overarching goals. Through its commitment to ethical principles and innovation, IVL continues to lead the industry while ensuring sustainable growth and stakeholder value.
“IVL is a prominent industry player with more than 70% of its revenue from product lines in leading market positions across the value chain. IVL works with integrity and has adopted ethical principles aimed at bringing innovative products to meet the demands of its stakeholders while ensuring sustainable growth and leadership.”
