Indorama Ventures Olefins
Acquisition in 2015
Indorama Ventures Olefins (IVOL) is an ethylene manufacturing plant acquired to provide long-term ethylene supply integration, as part of the Integrated Oxides and Derivatives (IOD) strategy tied to IVL’s advantaged shale gas feedstock in the US Gulf Coast. The unit was idled in early 2001 and acquired from Oxy under a joint venture entity, Indorama Ventures Olefins LLC, in September 2015. Since acquisition, the unit has been completely revamped with additional debottlenecking to take it to optimize ethylene production. The unit is now in the process of a start-up projected in late Q3 2021.