- Downstream volume impacted due to destocking in most end markets, sluggish economic activities, slower China recovery, and import pressure
- Reduction in investments due to decrease in company results
- Challenges in the Agricultural sector in 2023
- Water consumption remained about the same from 2022 to 2023, but water intensity increased due to lower production
- Increase in waste generation in 2022 due to the acquisition of Oxiteno
Indorama Ventures Oxides International LLC
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Indorama Ventures Oxides International LLC disclosed greenhouse gas emissions of 3.8M tCO2e/year (Scope 1+2). By scope: Scope 1: 3.5M tCO2e/year; Scope 2: 313.2K tCO2e/year; Scope 3: 7.9M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.8M tCO2e/year (Scope 1+2)
2023
Renewable Energy
1% (2023)
of total energy
Water Usage
34.5K million liters/year
2023
Waste
114.9K tons/year
2023
Energy Use
55.5M GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.5M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 313.2K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 7.9M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 3.8M tCO2e/year (Scope 1+2) |
| 2022 | 9.8 million metric tons (Scope 1 & 2) in 2022 |
| 2016 | 5.2M tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced energy intensity from 4.6 to 2.96 GJ per tonnes of production between 2020 and 2023 (India)
- Reduced electricity and natural gas consumption, mitigating 400 tonnes of CO2e emissions (India)
- Successfully implemented the renewable ethylene oxide project, decreasing customers’ product carbon footprint by up to 46% (South America)
- Camaçari plant (Brazil) obtained ISCC+ certification
- 90% of waste diverted from landfill (2023)
- 23 GHG reduction projects implemented with an estimated reduction of 58.6 ktons of CO2e
🎯 Climate & Sustainability Targets
🔜 Short-term
- Advanced water management for 100% of industrial plants located in areas of water stress (RCP 8.5) classified as extremely high by 2025
- 10% reduction in water withdrawal intensity by 2025
- 5% reduction in energy intensity by 2025
- 10% energy sourced from renewables by 2025
- 12% reduction in GHG Scope 1 and 2 intensity by 2025
📅 Medium-term
- Advanced water management for plants in water-stressed areas classified as high and medium-high stress by 2030
- 20% reduction in water withdrawal intensity by 2030
- 15% reduction in energy intensity by 2030
- 25% energy sourced from renewables by 2030
- 30% reduction in GHG Scope 1 and 2 intensity by 2030
🔭 Long-term
- Net zero emissions by 2050 (Odfjell goal)
🌱 ESG Focus Areas
Community RelationsEmployee Health & SafetyEmployee EngagementDiversity, Equity and InclusionSupply Chain ManagementBusiness EthicsGHG emissionsEnergy ManagementWater & Wastewater ManagementWaste & Hazardous Materials ManagementProduct Design & Lifecycle Management