Indorama Ventures
Thai chemical company
From Wikipedia, the free encyclopedia
Indorama Ventures (IVL) is a producer of intermediate petrochemicals industry, the world's largest producer of PET resins.[1]
 | |
| Type | Public |
|---|---|
| SET: IVL | |
| ISIN | TH1027010004  |
| Industry | Petrochemicals |
| Founded | 21 February 2003 |
| Founder | Aloke Lohia |
| Headquarters | , |
Area served | Worldwide |
Key people | Aloke Lohia (Vice Chairman and Group CEO) |
| Products | polyethylene terephthalate (PET), polyester fibers and yarns, wool yarns, purified terephthalic acid (PTA), ethylene oxide (EO), ethylene glycol (EG) |
| Divisions | Feedstock, PET, Fibers, Surfactants |
| Website | indoramaventures |
History
Criticism
Involvement in Israeli settlements
On 12 February 2020, the United Nations published a database of all business enterprises involved in certain specified activities related to the Israeli settlements in the Occupied Palestinian Territories, including East Jerusalem, and in the occupied Golan Heights.[5][6] Indorama Ventures and its subsidiary, Avgol Industries, have been listed on the database in light of their involvement in activities related to "the use of natural resources, in particular water and land, for business purposes".[5][6] The international community considers Israeli settlements built on land occupied by Israel to be in violation of international law.[7][8][9] In response to the listing, Indorama Ventures and Avgol announced that they are moving their operations outside of the West Bank.[10]