What is the significance of the FtoP (flakes-to-preform) technology being deployed in Thailand by Indorama Ventures and its partners?

The FtoP technology being deployed in Thailand is significant because it marks the first commercial application of this direct recycling method in Southeast Asia; it bypasses traditional intermediate steps like crystallization and drying, converting post-consumer PET flakes directly into food-grade bottle preforms, and reduces CO₂ emissions by approximately 70% compared to virgin PET production — a process previously commercialized only in Japan.

How does the Thailand circular PET project align with Indorama Ventures' broader strategic goals?

The project supports Indorama Ventures' IVL 2.0 growth strategy by establishing a regional platform for circular packaging in Southeast Asia, enabling the company to supply high-quality recycled PET bottle preforms to customers like Suntory PepsiCo Thailand while advancing their sustainability commitments — with IVL supplying the recycled PET flakes and co-owning the operational joint venture formed with Iwatani Corporation in July 2026.