PROPYLENE PURIFICATIONTOWER STEAM REDUCTION The IVOX Port Neches Team carried out studies to determine the impacts of bypassing the Propylene Recycle tower, by sending a portion of the propylene stream to the olefins unit tower for processing, with the remainder sent for recycling to Epoxidation. This project is expected to yield an energy reduction of 324,090GJ/year alongwithanemissions reduction of 478 metric tons of CO2. The process efficiencies achieved from this project would lead for a total operational savings of US$ 2.6 million. CARBON REDUCTION LABEL FROM THE THAI ENVIRONMENT INSTITUTE (TEI) To encourage consumers to consider climate their impacts when making purchases, the Thai Environment Institute (TEI) jointly launched the Carbon Reduction Label with the Thailand Greenhouse Gas Management Organization and the Thailand Business Council for Sustainable Development (TBCSD). TPT Petrochemicals, an IVL business unit in Rayong, Thailand, was awarded the Carbon Reduction Label for its PTA products. This label indicates the reduction in greenhouse gas emissions per unit of the product or service to help consumers make an informed purchase, simultaneously reducing the contributing factors of global warming along the supply chain. As part of our Decarbonization Strategy, we adopted an internal carbonpricing scheme in our current investment planning. This increases the visibility and encourages greater accountability of the carbon impacts on our businesses. In developing the carbon pricing, we considered a number of scenarios through an Emissions Trading Scheme (ETS), by countries, regions and status of regulatory implications which could influence the increase in price assumptions. The statistical carbon price of US$ 20/tCO2ewas used to calculate carbon sensitivity. Further information on the considerations and climate scenarios analyzed canbe found inour 2022TCFDReport. TCFD REPORTING The Task Force on Cl imate-related Financial Disclosures (TCFD)’s recommendations enable stakeholders to understand carbon-related assets and their exposures to climate-related risks. In 2020, we were the first chemical company inThailand and the second in Southeast Asia to adopt TCFD in providing our climate-related financial disclosures. For more information, please refer to our 2022TCFD Report. 108 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. FOR MORE INFORMATION Chief Strategy Officer Message Chairman of the ESG Council Message Key Achievements 2021 CEO Message IVL’s Sustainable Value Creation for Stakeholders Home
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