Indorama Acquisitions Show Chemical Investments Still in Play in U.S.

SUGAR LAND--January 8, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--The company logo for Indorama Ventures Public Company Limited (IVL) (Bangkok, Thailand) includes the phrase, "Closer than you think," and the global producer of polyethylene terephthalate (PET), related feedstocks and other materials seems to be making good on that claim in North America. IVL said this week it will acquire a 1.8 million ton-per-year petrochemicals plant in Decatur, Alabama. In September, Indorama announced it would acquire a dormant ethane cracker in Sulphur, Louisiana, and revive it through a $175 million investment. Within this article: Details of U.S. projects by Indorama Ventures Public Company Limited. Additional companies: BP Plc (NYSE:BP), LyondellBasell Industries (NYSE:LYB), Occidental Chemical Corporation (NYSE:OXY)