"We are following closely the evolution of sustainability policies in the region, as more governments become more aware of sustainability imperatives."
"Among our customers, we note a heightened awareness of preventative safety practices. Also, OURAY see a lot of growth in those exceedingly hazardous chemicals such as fluoridated and brominated materials."
"Our push towards sustainability is the common theme of all investments. We want to create a global network of integrated businesses with multiple synergies."
FOUNDER AND GROUP CEO, INDORAMA VENTURES PUBLIC COMPANY LIMITED (IVL)
"Despite being the largest PET producer globally, Indorama Ventures only captures about 1% of a very fragmented market, which is worth about US$2 trillion. There is plenty of room for growth."
"Our main goals over the next year are to deliver smart and profitable growth in solution and specialties, prepare our sites for the next investments, and advance our roadmap to becoming fully circular."
CEO, MIDA (MALAYSIAN INVESTMENT DEVELOPMENT AUTHORITY)
"There are clear ambitions to expand beyond the current focus on commodity products as industry players develop more complex, specialty downstream chemicals."
"We believe that the successful chemical distributor of the future needs to be truly digital and Pochteca is investing heavily to be at the forefront of this trend."
"In 2023, we anticipate growing our market reach by double-digits and developing new products, which will be largely driven by the expansion of the Mexican market, as well as our focus on bolstering the paper, mining, and agriculture sector through the use of our products."
The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.