#Sustainability

2022-11-23

Indorama Ventures wins ‘Top Sustainability Advocate in Asia’ by the Asia Corporate Excellence and Sustainability Awards

Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has been named as the winner of the “Top Sustainability Advocate in Asia” by Asia Corporate Excellence and Sustainability Awards (ACES) 2022. The prestigious award reinforces IVL's ongoing commitment and progress in sustainability under its purpose of ‘Reimagining chemistry together to create a better world’.

Mr. Yash Lohia, Chairman of ESG Council at Indorama Ventures, said, “We are honored to be recognized as the top sustainability advocate in Asia. IVL's sustainability strategy demonstrates our commitment to the three focus areas of: protecting the environment through responsible operations; empowering our people and transferring value to our stakeholders; and ethically and innovatively driving economic prosperity. IVL believes it can make a positive impact on these areas while growing its business and bringing about constructive change by fully integrated sustainability into our operations. Winning this award will inspire us to continue embedding sustainability into our business to achieve our vision of becoming a world-class sustainable chemical company making great products for society.”

The recognition of IVL as a leading advocate of sustainability in Asia underscores the company’s performance in developing sustainable operations along its integrated petrochemicals value chain, including innovative product design; efficiency, high-performance and environmentally friendly operations; efficient transportation; promoting responsible consumption; proactive waste collection; and enhancing widespread recycling. The company’s strategy is accelerated by its 2025 and 2030 sustainability goals, including ambitions relating to Net Zero and ending plastic waste. IVL this year announced science-based targets by the Science Based Targets initiative (SBTi) to help drive its sustainability climate programs.

IVL aims to increase the annual PET bottle recycling rate to 50 billion bottles, or 750,000 tons, by 2025; and 100 billion bottles, or 1.5 million tons, by 2030 to towards a circular economy. By 2030, IVL will raise recycling awareness among more than 1 million people worldwide, and at least 100,000 people in the communities will benefit directly or indirectly from IVL's projects to enhance their well-being program.

Ms. Shanggari Balakrishnan, Chief Executive Officer at MORS Group, Facilitator of the Panel of Jury, ACES Awards, said, "IVL is a prominent industry player with more than 70% of its revenue from product lines in leading market positions across the value chain. IVL works with integrity and has adopted ethical principles aimed at bringing innovative products to meet the demands of their stakeholders while ensuring sustainable growth and leadership."

The Asia Corporate Excellence & Sustainability Awards (ACES) is a prestigious accolade that recognizes inspiring leaders and sustainability advocates across industry and across Asia to bring Asia's business aspirations and success stories to the world stage through knowledge sharing and recognition. The 'Top Sustainability Advocates in Asia' category is presented to companies that demonstrate exemplary integration of sustainability into their policies and operations, with a high level of employee and top management involvement in sustainability initiatives. Responsible business practices are upheld across the company's core business activities, including product and service design and delivery, management of social and environmental impacts, and high-impact community engagement. The event was organized by MORS Group.

Texprocess 2026: Automation, digitalisation and AI redefine textile processing

Making investment decisions in textile processing has become significantly more demanding. Increasing energy costs, a shortage of skilled labour and ongoing geopolitical uncertainties are compelling companies to focus on technologies that deliver clear gains in efficiency and process reliability. This applies equally to apparel manufacturing and to the processing of technical textiles and high-performance materials. As a result, modernisation initiatives are assessed more carefully – even as the need to upgrade production systems continues to intensify.

Techtextil 2026: Between innovation pressure & market reality

From 21 to 24 April 2026, Techtextil in Frankfurt am Main will once again become the central meeting point for the international technical textiles and nonwovens industry. Running in parallel, Texprocess will focus on the industrial implementation of textile processing technologies as the leading platform in this field. Together, the two trade fairs form a closely integrated presentation and working platform along the entire textile value chain – from material development to finished applications.

Between geopolitical pressure and industrial resilience

In this interview, Dr. Janpeter Horn (VDMA) discusses the current challenges facing textile machinery manufacturers, shaped by geopolitical tensions, regulatory developments and subdued investment. He also outlines why innovation strength, integrated solutions and strategic positioning remain key to global competitiveness.

A new standard to combat plastic waste in forests

With DIN SPEC 35808 “Tree Shelter for Forestry Applications,” the testing and research service provider Hohenstein, in collaboration with Rottenburg University of Forestry, as well as forestry authorities and industry partners, has established a clear framework for bio-based and fully biodegradable tree shelters. The pre-standard defines requirements and practical testing methods designed to reduce plastic waste in forests and strengthen the long-term protection of soil and the environment.

Denim moves towards sustainability

EIM (Environmental Impact Measurement), the global reference platform for measuring the environmental impact of garment finishing, presents the second edition of its annual report Denim Industry Progress & Insights 2025. The study analyses over 100,000 real denim finishing processes, providing an accurate and up-to-date view of the industry’s evolution towards more sustainable models.

Europe’s textile future at a turning point: New 2030 Circularity Blueprint aims to scale recycling and unlock investment opportunities

The EU textile system is at a critical crossroads. Today, less than 1% of discarded garments are recycled into new garments, despite EU-wide obligations for separate collection. In response, Global Fashion Agenda (GFA) is launching the 2030 Circularity Blueprint, in partnership with ReHubs. This ambitious initiative is designed to support the transformation of the EU textile ecosystem to advance textile-to-textile recycling and drive the transition to a circular economy.

Seamless Splicer to headline Mesdan S.p.A. presentation at ITM 2026

MESDAN S.p.A. will once again participate in ITM 2026, Turkey’s most important textile trade fair. The Italy-based leading manufacturer of yarn joining solutions and textile testing equipment,will be exhibiting at the booth of their local agent for the spinning, SARTEKS MAKINA at Hall 7, Stand 701A.

Elastic yarns to become more recyclable and environmentally friendly in future

On 29 April 2026, ITA student Tobias Dickmeiß was awarded a sponsorship prize by the Wilhelm Lorch-Stiftung for his innovative approach, to replacing conventional elastane with elastic yarns made from thermoplastic copolyester elastomers (TPC). Thanks to their thermoplastic nature and compatibility with typical polyesters used in the textile industry, elastic TPC yarns offer improved recyclability. Furthermore, the use of the melt-spinning process in yarn production eliminates the need for solvents that are harmful to the environment and human health.

HIGHTEX 2026 technical textile and nonwoven industry to gather in Istanbul

Between 9–13 June 2026, the HIGHTEX 2026 exhibition, held at the Tüyap Fair and Congress Center in Istanbul and organized concurrently with ITM 2026, is preparing to become one of the most significant global gatherings of the technical textiles and nonwoven industry. Bringing together more than 1,000 companies and agency representatives from 55 countries, the event will unite the latest technologies, innovative solutions, and investment opportunities within a single platform.