(Bloomberg) — Indorama Ventures Pcl, the world’s top producer of material used in plastic bottles and polyester, plans to quadruple its use of renewable energy over the next decade as part of efforts to lower greenhouse gas emissions.
The Bangkok-based company will increase solar, wind and other renewable energy sources at its more than 120 manufacturing facilities worldwide to 30% of it power bill in 2030, said Chief Sustainability Office Yash Lohia. That’s an increase from 6%, he said, adding the move will help the company’s efforts to reduce its carbon footprint.
“We are going to install more solar panels at our facilities in Thailand, India and many other countries,” Lohia, the 33-year-old son of Indorama’s billionaire founder Aloke Lohia, said in an interview Tuesday. “We will also buy more clean energy from other developers to demonstrate our effort to reduce greenhouse gas emissions.”
Thai power producers including