Renewable Energy Management

Given the limitations on the planet’s natural resources, we are shifting from conventional to renewable energy sources, which offers enormous possibilities in reducing our carbon footprint while helping to protect the environment. We are continuously exploring opportunities to replace fossil fuels with renewable energy across our business operations.

Renewable Electricity

Since 2014 until now,
We have generated Solar based renewable electricity and used in plants.
* GHG from 2014 to 2023 is calculated using country wise IEA factors

Renewable electricity generated and used in plants

kWh

Total cumulative GHG reduction

kg CO2e

Due to Renewable electricity consumption

The Renewable Electricity generated by us can help..

8,800+
Homes' electricity use for one year
2,900,000,000+
Number of smartphones charged
Carbon sequestration
750,000+
Tree seedlings grown for 10 years

The source and calculations originate from the U.S. Environmental Protection Agency (EPA)

Indorama Ventures sites Generating Renewable Electricity

North America
1
site
Total capacity:
0.6 MWP
Africa
1
site
Total capacity:
1.0 MWP
Europe
2
sites
Total capacity:
2.0 MWP
Asia
12
sites
Total capacity:
38.7 MWP
Rooftoop
Floating
Ground mounted
Fencing
Asia

Thailand

Indorama Holdings
Type:
Total capacity:
4.7 MWP
Asiapet Limited and Indorama Polymers
Type:
Total capacity:
6.9 MWP
Indorama Polyester Industries (Nakhon Pathom)
Type:
Total capacity:
5.3 MWP
View video
Indorama Polyester Industries (Rayong)
Type:
Total capacity:
6.0 MWP
Indorama Petrochem Limited (PET)
Type:
Total capacity:
2.3 MWP
Indorama Petrochem Limited (PTA)
Type:
Total capacity:
3.0 MWP
Petform (Thailand)
Type:
Total capacity:
0.6 MWP

India

Avgol India
Type:
Total capacity:
1.0 MWP
IVL Dhunseri Petrochem Industries Private Limited – Haldia unit
Type:
Total capacity:
1.3 MWP
IVL Dhunseri Petrochem Industries Private Limited – Karnal unit
Type:
Total capacity:
1.0 MWP

China

Indorama Ventures Mobility (Kaiping)
Type:
Total capacity:
5.2 MWP

Indonesia

PT. Indorama Polypet Indonesia (PTIPPI)
Type:
Total capacity:
1.4 MWP

USA

Indorama Ventures Sustainable Solutions Fontana
Type:
Total capacity:
0.6 MWP

Italy

Indorama Ventures Lifestyle Italy S.p.A. (Sandigliano)
Type:
Total capacity:
1 MWP

Lithuania

UAB Orion Global PET
Type:
Total capacity:
1 MWP

Egypt

I.V.L Dhunseri Polyester Company
Type:
Total capacity:
1 MWP

Renewable Energy Management

In order to decarbonize our carbon footprint in our operations and value chain, we are exploring a diverse portfolio of solutions. We are actively reducing our reliance on conventional energy and increasing our use of renewable energy sources.

Decarbonizing Indorama Ventures’s energy consumption via onsite and offsite renewable energy development is one of our Decarbonization strategies. We are consuming renewable energy (biomass and renewable electricity) in our operations and are further exploring the option of increasing the use of renewable electricity to achieve our 2025 ambitions. The use of renewable energy is via a combination of

Onsite Renewable Energy

Aside from biomass and biogas, we strive to generate an optimum amount of embed renewables at our sites through solar roof top and ground mounted. We keep installing solar rooftops at our sites and are also focusing on increasing our consumption of solar energy, through solar rooftop and solar floating installations at more other locations.

Offsite Renewable Electricity

Renewable electricity procurement through global virtual power purchase agreements (VPPAs) can offer further opportunities to reduce our GHG emissions in line with our commitment to the Paris Agreement. We are currently exploring procurement of renewable electricity through VPPAs and other market instruments of this type (for example, RECs and ROCs).

Below is the list of plants utilizing 100% renewable electricity

  • UAB Orion Global Pet - Lithuania
  • Wellman International - Ireland
  • UTT Technische Textilien - Germany
  • Kordárna Plus - Slovakia

To date, we have installed onsite solar units across 16 sites in China, Egypt, India, Indonesia, Italy, Lithuania, Thailand and USA.

We purchased renewable electricity with certificates through PPAs in the US and Europe, We are further exploring the procurement of more renewable electricity through VPPAs, especially in the US and Europe,where the majority of our operational sites are located.

The adoption of VPPAs not only facilitates scalability but also promotes the global expansion of renewable energy capacity, particularly in wind and solar power. Therefore, we are determined to explore opportunities to improve our procurement of renewable electricity through VPPAs at other viable manufacturing locations.

Renewable Electricity Consumption
2025 Target: 10%
2030 Target: 25%
2023 Actual:
Indorama Ventures consumed
3.14%
of renewable electricity
Highlights
from 2014-2023
16 Onsite/Offsite solar installations
98,878 MWh
of solar based renewable electricity generated and used in plants
49,162 tCO2e
of total cumulative GHG reduction from renewable electricity consumption

savings over

50,812

tCO2e

Our use of renewable energy in 2023 is around 1.41 million GJ resulting in saving of 50,812 tCO2e. Our efforts are helping to reduce greenhouse gas emissions (GHGs) and contributing to achieving the UN SDGs.

We are committed to sourcing more electricity from renewable sources and continue to explore ways to improve our energy management. We are reviewing the renewable electricity market, its pricing methodology and exploring the option of offsite Power Purchase Agreements (PPAs) to procure significant amounts of electricity. We are also exploring opportunities to install solar panels on the roofs of some of our plants which exhibit strong potential for solar power.

Case studies
Solar Farm Project at Asia Pet in Lopburi

The new solar farm at the Asia Pet site in Lopburi boasts a generation capacity of 5.6 MW, leading to an approximate annual reduction of 3,940 tCO2 e in GHG emission. This project will supply power to Indorama Ventures. With this new installation, the total solar capacity at the Lopburi site will reach 12 MW, making it the largest among all Indorama Ventures’ sites, including existing solar farms and rooftop installations.

This increased solar capacity will provide approximately 15% of the site’s power needs, resulting in annual savings of approximately $ 900,000 and significantly reducing energy costs across the site’s business units. Furthermore, the project will earn Renewable Energy Certificates (RECs), further underscoring our commitment to sustainability.

Biomass Heater Installation

To support our ambition to reduce fossil fuel usage and GHG emissions, Indorama Petrochem Limited (PET), Thailand, has been transitioning from natural gas to biomass for its heaters since 2017. The designed heaters can utilize various biomass materials, including wood chips, wood pellets, and palm kernel shells. In 2023, we expanded our biomass heating capacity with the installation of Biomass Heater C, which has a capacity of 14 MW. Biomass Heater C will be fully operational in 2024, enabling us to reduce GHG emissions by an estimated 9,733 tCO2e/year and replace approximately 38,131 tons of natural gas with biomass annually

Liquefied Natural Gas-Based Heating System (Thailand)

Indorama Polyester Industries in Nakhon Pathom, Thailand achieved a significant milestone in their sustainability journey by commissioning a Liquefied Natural Gas (LNG)-based thermic fluid heating system to replace the original coal-fired system. This marks their first step towards phasing out coal at their site, resulting in an annual reduction of 5,212 tCO2e in GHG emissions and an expected overall 6% carbon savings this year.

Innovations in Solar Fencing

UAB Orion Global PET, our subsidiary in Lithuania, installed a solar power plant in place of a fence, which performs the dual functions of marking the boundary and generating 55.82 MWh of electricity per year bringing total solar energy capacity at the site to 390,000 kWh.

Clean and Renewable Electricity Supply from Solar Modules

Indorama Polyester Industries (Nakhon Pathom), Thailand, or IPI – N, a wholly-owned subsidiary of the Company, demonstrated its green credentials by installing photovoltaic modules for captive solar power generation on the roof of their facility. These high efficiency modules have a capacity of 840 kilowatt peak (kWp) and can generate an estimated 1,173 MWh per year. The advantages from this inexhaustible energy source are clear from a financial and environmental perspective, as they provide an annual electricity cost-savings of roughly USD 122,000 with a reduction in CO2 emissions of 560 tCO2e/year. They were installed and started operating in July 2019. Total electricity generated in 2019 was 565,327 kWh which reduced 270 tons of GHG emissions. It reduced energy consumption from other conventional sources by 2,035 GJ and contributed to electricity cost-savings of USD 58,788. IPI – N’s photovoltaic modules are an important step in reducing utility costs and greenhouse gas emissions.