Bangkok, Thailand – 21 July 2023 – Indorama Ventures, in partnership with Polymateria, has been honoured with the prestigious INDA Innovation Award for their ground breaking collaboration in developing pioneering Biotransformation technology to create wipes, which totally biodegrade, leaving no harmful substance or microplastics behind.
The award was presented at the recent World of Wipes International Conference in Atlanta, USA, and recognizes the level of technical innovation and investment that led to developing wipes that both deliver against the sustainability challenges of today while meeting the demands of Indorama Ventures’ customers worldwide.
“This is a huge honor for us,” said Shachar Rachim, CEO at Indorama Ventures’ Hygiene Group. “End of life issues with products that are comprised of nonwoven fabrics are as complicated as they are numerous. Used product waste, whether the simplest wipe material, the most prolific face masks or the most complicated in the form of baby diapers, all utilize polymeric resins that have a high degree of inertness and stability but that are difficult to recycle and degrade. We embraced this issue with our technology partners to bring a new type of solution to market, specifically in the form of Biotransformation technology.”
Through its 10-year partnership agreement with technology innovator Polymateria, Indorama Ventures is applying Polymateria’s unique biotransformation technology to fibers and spunmelt nonwovens. Biotransformation is the world’s first biodegradation technology that is capable of delivering full biological consumption of Polyolefin products in the open terrestrial environment. Polyolefin-based materials produced by this technology are especially useful for applications where materials may be leaked into the environment as unmanaged waste.
“Once triggered, the material will continue to the point of forming the low molecular weight wax structure, leaving no microplastics behind to cause environmental problems,” explained Shachar Rachim. “Moreover, if the product comprising the biotransformation technology is not exposed to the triggering conditions of sunlight, heat, air, and moisture, then it can be recycled by readily available means.”
Polymateria CEO Niall Dunne said: “Polymateria was founded to help tackle plastic pollution at scale. Through our latest partnership with IVL, this is exactly what we are delivering. I am glad we have found long-term partners who share our commitment to science and evidence.”
Shachar Rachim said the entire team at Indorama Ventures, its subsidiary Avgol and Polymateria were delighted and proud to receive the award, presented by the INDA – the Association of the Nonwoven Fabrics Industry – at the special ceremony at the 17th annual World of Wipes event.
“We are constantly innovating to live up to our responsibility to optimize the Earth’s resources, as we combine nature and science in our Biotransformation PP – designed to be recycled or returned to nature,” he said. “By bringing Biotransformation technology to Hygiene markets, we hope to offer a real-world solution to waste management. We particularly hope to address aspects of the creation of fugitive waste and remove this from the environment without causing additional, and potentially more dangerous, problems.”
Indorama Ventures is a world-class sustainable chemical company with a global integrated lead in PET and fibers, serving major customers in diversified end-use markets.
About Indorama Ventures
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Europe, Africa, Americas, and Asia Pacific. The company’s portfolio comprises Combined PET, Integrated Oxides and Derivatives, and Fibers. Indorama Ventures products serve major FMCG and automotive sectors, i.e., beverages, hygiene, personal care, tire and safety segments. Indorama Ventures has about 26,000 employees worldwide and revenue of US$18.7 billion in 2022. The Company is listed in the Dow Jones Emerging Markets and World Sustainability Indices (DJSI).
About Polymateria
Polymateria aims to utilise scientific advancements to address the issue of plastic pollution. Established at Imperial College London, the company has become the first entity to demonstrate, through scientific evidence, that the most prevalent sources of unmanaged plastic waste can be returned to nature without generating microplastics, negatively impacting the ecosystem or disrupting recycling processes on a large scale. As a result of its efforts to promote circularity and combat plastic pollution, Polymateria was honoured as a World Economic Forum Tech Pioneer in 2021.
Contacts
Celene Dolan
Tel: +353 46 928 0200
