SINGAPORE (ICIS)--Indorama Ventures Ltd (IVL) has started developing a new technology center at its integrated oxides and derivatives (IOD) site in Texas in the US, the Thailand-listed producer said on Friday.
The new facility will be the company’s US research and development hub for new products used in the home, personal and industrial cleaning, agrochemicals, energy, lubricants, mining, and coatings markets, it said in a statement.
IVL’s integrated oxides and derivatives site at The Woodlands, Texas, was acquired from Huntsman in January last year.
“Extensive designing and engineering of the research center will start in coming months, and full occupation is expected in early 2022,” IVL said.
It will be a hub for IOD research in the Americas, with links to sister facilities in Australia, India, and China.
The Woodlands facility will also support IVL’s fibres and PET segments on various sustainability projects.