Indorama Ventures participated in COP29, one of the world’s most critical forums for climate action, through its company booth and at the Thailand Pavilion, in partnership with the Thai government. The company showcased its milestone achievement of recycling over 130 billion post-consumer PET bottles from February 2011 through October 2024. The company’s latest innovations—from sustainable PET packaging solutions to renewable personal care products—underscore its commitment to producing “Indispensable Chemistry” that touches billions of lives every day. Highlights included the SIPA Sparkling Wine Bottle, the world’s first sustainable monolayer PET bottle for sparkling wine, developed in partnership with SIPA; the world's first commercial-scale bio-PET bottle made from ISCC+ certified bio-paraxylene, as part of a supply chain collaboration with Suntory, ENEOS Corporation, Mitsubishi Corporation, Iwatani and Neste, for Suntory Group Japan product lines; and the OXISMOOTH® line, a multifunctional emollient range made entirely from renewable resources.
Indorama Ventures was also involved in COP29’s thought leadership panels. Anthony M. Watanabe, Chief Sustainability Officer, spoke about “The Six Secrets of Circularity,” explaining how a circular economy could reduce global emissions by 40% by 2050. He emphasized the urgent need for international cooperation, including the upcoming global plastic treaty, to drive systemic environmental change, and shared insights on how Indorama Ventures collaborates across the value chain to scale circular solutions.
