Alastair Port, Executive President, Integrated Oxides and Derivatives
The Woodlands, Texas, U.S. – April 20, 2023 – Indorama Ventures Public Company Limited
(IVL), a global sustainable chemical company, is continuing to assess plans to build and operate a
world-class lithium-ion battery solvents plant at one of its petrochemical facilities in the U.S. Gulf
Coast, including sourcing new license partners to speed up the development of the technology.
Indorama Ventures’ Integrated Oxides & Derivatives (IOD) business segment is exploring licensing
opportunities with a range of technology partners, after withdrawing from an initial non-binding
agreement with Capchem Technology USA Inc.
Entering the lithium-ion battery market will reinforce the company’s downstream specialty products
portfolio, serving attractive end-market applications. Indorama Ventures is leveraging its global
integrated petrochemicals model by investing in adjacent businesses that offer High Value Add (HVA)
products that contribute to a more sustainable world.
Alastair Port, Executive President, Integrated Oxides and Derivatives (IOD), IVL, said, “The EV
market is a significant opportunity for Indorama Ventures to leverage our world-class petrochemical
assets in the U.S. Gulf Coast, which are ready to host a new world-class lithium-ion battery solvents
plant. From our base near Houston, our Integrated Oxides & Derivatives business has a successful
track record of working with technology license partners to benefit the high-growth North American
market.”
