18 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. INNOVATING FOR THE GREATER GOOD IVL’s focus on new innovations and developing products for a better world took an important step forwardwith the creation of our Innovation Council, whose mandate is to ensure that our product strategyand innovationprocesses meet our business goals.We are aligningour businesswith increasing demand for more innovative products that are eco-friendly and offer improved performance and better value for a more sustainable future. We are making next-generation products with a lower environmental impact and a life cycle assessment to continually evaluate the use of higher proportions of bio-based feedstocks or recycled PET materials to meet economic, performance and compliance requirements. Our fibers segment is on track to benefit from the next megatrends growth cycle. At our Textilcord plant in Luxembourg, we relocated manufacturing to produce 20 million face masks annually that have neutralized viruses. In global mobility markets, we are the leading supplier of safety, comfort, and performance fibers used in the tire and automotive safety sectors. We have become a dependable local supplier of high-quality necessity and value-added fibers and yarns acrossmajor lifestyle markets, combining fashion and function to meet rapid urbanization. Inour IOD segment, we are developing a new technology center in the Woodlands, Texas. The facility will be our U.S. research and development hub for new products used for home; personal and industrial cleaning; and agrochemicals, energy, lubricants, mining, and coatings markets. It has links to sister facilities in Australia, India, and China. The research center is expected to be completed in 2022. We are accelerating our transition towards downstream specialty surfactants and look forward to greeting our new Oxiteno employees in the first half of 2022. This strategic acquisition will provide our IOD sector with complementing HighValue-Added (HVA) goods, worldclass credentials ingreen energy innovations, sustainable feedstock integration, and geographic diversity. BRINGING DEJA™ TO LIFE Launched in 2020, our Deja™ brand, is quickly becoming an important platform offering an increasing portfolio of products that provide sustainable closed-loop solutions, and has been expanding commercialization in the U.S. We were also pleased to launch Deja™ carbon-neutral PET on 22 April 2021 (Earth Day). By incorporating the benefits of carbon reduction in the value chain, notably Scope 3 emissions, the product will help our customers reduce their carbon footprint and comply with today’s consumer demand for bet ter value, improved performance, and most of all, environmentally friendly solutions. In response, we are preparing to launch more carbon-neutral products in 2022 and thereafter. ThroughDejaTM, we are developing a new “Ocean-Bound Plastic” that is out of regulated waste streams and prevents it from ending up in rivers and oceans. We are focusing on quality, traceability, certification, and compliance to offer a product that will have circularity as a key element. For end-of-lifemanagement, apart from mechanical recycling technology currently deployed in our facilities, we are looking at the potential for advanced recycling to complete the loop with our PET bottles, fibers and textiles which can further enhance our recycling leadership. DRIVING SUSTAINABLE VALUES AND SOLUTIONS We aim to be a sustainable chemical company that tackles global challenges by reimagining chemistry in ways that offer practical solutions to the planet and to people’s health and well-being. Our sustainability goals and business strategy converge to create better outcomes, while our expertise in PET and recycling, and our integration across the petrochemical value chain, reflect our leading position in the industry. We continued to invest in infrastructure to recycle as many PET bottles as possible and promote circularity. We acquired recycling plants, one in Texas and are constructing a green field recycling plant in Karawang, Indonesia. These plants support our 2025 commitment to recycle 750,000 tons of post-consumed PET bale input. Last year, 14.3 billion bottles were recycled, and more than 317,064 tons of PET were kept in the loop to reduce leakage to land and below water. This target is one of our KPIs connected to our US$ 300million sustainabilitylinked bond, issued last year. Key Achievements 2021 CEO Message IVL’s Sustainable Value Creation for Stakeholders Chief Strategy Officer Message Chairman of the ESG Council Message Home
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