88 INDORAMA VENTURES PCL. VISION - TO BE A WORLD-CLASS SUSTAINABLE CHEMICAL COMPANY MAKING GREAT PRODUCTS FOR SOCIETY. CHANGE IS UPON US In the 1800s, the population was one billion and we had abundant natural resources to use without considering the effects of our actions eventhough our natural resources are finite. By contrast, today, our population is roughly eight billion, and we are consuming at a much faster rate than before, accelerating resource depletion, waste generation and environmental pollution, leaving no time for natural regeneration cycles to take place. It is critical that we slowour use of resources and allow time for restoration. The urgency of climate change has never been greater than now and in response to this, almost 200 countries had come together in Glasgow in 2021 for the 26th Conference of the Parties (COP) summit to discuss the climate crisis and set the global agenda to reduce the worst impacts of climate change. Formore information on COP26, please refer to pg. 2-3. We strongly support the many concepts and actions that are critical to combatting climate change. One key action is tomove towards utilizing circular feedstocks. At IVL, we define a circular feedstock as being both bio-based and recycled. WHAT ARE BIO-BASED AND RECYCLED-FEEDSTOCKS? At IVL, we define a circular feedstock as being both bio-based and recycled. A bio-based feedstock refers to any renewable, waste or organic matter that is used as or converted into either a fuel, energy or product. There are three generations of bio-feedstocks. The first-generation converts edible biomass like corn, wheat and rice (among others) into feedstock. The second-generation transforms cellulose-based, non-edible biomass and agricultural waste, such as (but not limited to) wood, straw, and corncobs, into clean and affordable high-value fuel or chemicals. The third-generation is derived from algae, which can be found in freshwater and marine waters. A recycled feedstock convertspost-consumer products, such as PET bottles, through mechanical or advanced recycling. Turning post-consumer PET bottles into feedstock dramatically improves recycling rates and diverts plastic waste from landfills, incineration or leakage into the environment. Recycled PET (rPET) can be used as a feedstock for both packaging and fiber applications. This is highly important for the direction in which we are moving, products that can ‘close the loop.’ 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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