Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, has received the Best Sustainable Product Award at the Chemical Week Sustainability Awards 2022. The Deja™ Carbon Neutral Pellets from IVL, the first virgin carbon-neutral polyethylene terephthalate (PET) resins worldwide, received the prize for their contribution to minimizing environmental effects.
Mr. Sanjay Ahuja, Executive President of Combined PET at Indorama Ventures, said that this recognition by Chemical Week marks another milestone in IVL’s sustainability path. This honor acknowledges their team’s ongoing efforts to fulfill their objective of becoming a premier sustainable chemical firm that produces top-notch goods for society.
The Deja™ brand includes a variety of recycled PET (rPET) goods, such as flakes, resins, fibers, and yarns, as well as a carbon-neutral virgin and recycled PET resins. It offers a variety of high-performance applications to IVL’s international clients in the packaging, lifestyle, automotive, garment, and medical equipment industries. The solutions aid businesses that care about the environment achieve their sustainability objectives.
With its six-pronged decarbonisation strategy, which includes the shift to clean energy, increased operational effectiveness, circular feedstock, and emerging technologies, IVL has set lofty goals for the years 2025 and 2030. By 2030, the company wants to recycle 100 billion PET bottles annually.
Mr. Ahuja added that they’re honoured to have released the first virgin PET pellets in the world certified to be carbon neutral. Their success depends on sustainable innovation, and they are already benefiting from PET circularity’s economic and environmental advantages while achieving their decarbonization goals. Deja™ is in favor of the UN Sustainable Development Goals’ promotion of a more environmentally friendly, circular economy. Mr. Ahuja continued.
The Chemical Week Sustainability Awards honor the best initiatives made by the sector to address operational, strategic, and financial challenges by emphasizing ESG and sustainable product development. A panel of experts from various companies along the value chain of the chemical industry and S&P Global, the top credit rating agency in the world, evaluated the awards.