From the Sector

07.10.2025

Indorama Ventures Champions University Innovation and Sustainability

Indorama Ventures Public Company Limited, a global sustainable chemicals company, reinforced its commitment to advancing innovation and entrepreneurship by sponsoring the 12th Lee Kuan Yew Global Business Plan Competition (LKYGBPC), hosted by Singapore Management University (SMU).

The LKYGBPC, Asia’s largest university startup challenge focused on urban solutions and sustainability, drew more than 1,500 applications from six continents, with 57 finalists competing at the Grand Finals Week in Singapore. Ms. Catia Cesari, Managing Partner of Volta Circle, represented Indorama Ventures on the judging panel. Volta Circle, an investment platform within the Lohia single-family office, supports early-stage ventures driving innovation in green chemicals, advanced recycling, and waste management value chain. While operating independently, its mission complements Indorama Ventures’ broader sustainability strategy.

Indorama Ventures also presented the “Future of Sustainable Materials Award”, recognizing university ventures with outstanding achievements in advanced fibers and polymers, bio-based feedstocks, advanced recycling, and circular economy solutions. The award supports early-stage startups at Technology Readiness Level (TRL) 3 or higher, with prizes of S$50,000 in the Beta track and S$75,000 in the Infinity track. Winners were evaluated on scientific merit, scalability, industrial validation potential, and impact on urban infrastructure and manufacturing.

This year, Indorama Ventures recommended six finalists with innovations spanning AI-enabled materials discovery, low-emissions chemical scale-up, and bio-fabricated alternatives for hard-to-abate sectors. The winners of Indorama Ventures’ Future of Sustainable Materials Award were “Synmetabio”- a Shanghai-based biomaterial startup developing high performance biobased leather solutions (awarded S$75,000), and “Micromelt” – a UK-based deep tech startup who is advancing green closed-loop solutions for mixed plastics with microwave technology (awarded S$50,000).

Mr. Yash Lohia, Executive President of Petchem and Chairman of the ESG Council, said, “At Indorama Ventures, sustainability drives our innovation strategy. We collaborate with startups to develop recycling technologies and bio-based materials that can scale from lab to industry, supporting the transition to a more circular economy. We recognize that startups hold the key to breakthrough solutions that provide a competitive edge. Through initiatives like the LKYGBPC, we connect entrepreneurial talent with our global platform to accelerate solutions that create long-term value for society and our business.”

At the Grand Finals Week Dr. Anthony Watanabe, Chief Sustainability Officer at Indorama Ventures, joined CSO Conversations to explore how businesses can build climate resilience, harness digital governance, and mobilize capital for impact. He shared valuable insights on Indorama Ventures’ investments in advanced PET recycling, innovation process, bio-based feedstocks, and ESG achievements with prominent sustainability leaders during the roundtable discussions.

SMU’s partnership with Indorama Ventures reflects a shared belief that scaling university-led innovation is essential to accelerate sustainability and circularity across borders. Through mentorship, funding, and ecosystem-building, Indorama Ventures continues to shape a future where materials are more innovative, more circular, and more sustainable.

More information:
Indorama Ventures Public Company Limited Singapore Management University Lee Kuan Yew Global Business Plan Competition Singapore

Source:

Indorama Ventures Public Company Limited

UHMWPE fibres: New gel spinning systems for biomedical market

FET is launching the FET-500 Series of gel spinning systems in a move that could revolutionise the research and development of UHMWPE fibres.

Fibre Extrusion Technology Ltd (FET) of Leeds, UK, has built a reputation in medical fibre extrusion technology and innovations, designing and delivering high-performance equipment for a range of precursor medical products, including bespoke extrusion systems for the production of both resorbable and non-absorbable sutures. FET’s equipment supports small-scale, adaptable production and rapid new product development.

In recent years, there has been a growing demand for R&D of UHMWPE fibres. These fibres are prized in many industries due to their extraordinary properties. However, current production processes are complex and focused on the large-scale output of existing fibre grades. This rigid supply chain has stifled innovation in this untapped product market.

FET is launching the FET-500 Series of gel spinning systems in a move that could revolutionise the research and development of UHMWPE fibres.

The FET-500 gel spinning systems will address this gap in the market. The FET-500 enables a flexible and consistent process, able to produce quality fibres with less than 100 grams of polymer, while avoiding the harsh processing chemicals that were historically associated with gel spinning. The key to unlocking this lab and pilot scale flexibility is the use of supercritical carbon dioxide as a green solvent in a patent-pending process.

Gel spinning starts with extrusion, but the additional washing and drawing technology to produce finished yarn is critical to the overall performance characteristics. An example of the wide range of features and benefits can be shown in the Washing process, with Patent Pending technology using Supercritical Carbon Dioxide:

Extract carrier oil without using toxic, environmentally harmful chemicals such as Hexane and DCM.

CO2 is green, cheap, abundant, and significantly safer to work with
CO2 efficiently dissolves carrier oils without affecting the polymer yarn

Reduced operational costs

9-Vast reduction in solvent use (CO2 vs Hexane/DCM)
Comprehensive oil recovery and recycling
Zero solvent waste is generated, unlike the hexane route

Compact and efficient batch washing system

Recipe controlled plug and play technology
Scalable and adjustable to customer needs
Carrier oil is recovered and fed back to the extrusion process
80% reduction in factory footprint vs hexane route

FET’s Fibre Development Centre is critical to the inception and success of the FET-500. Having this facility located in Leeds where the manufacturing takes place allows FET to offer a gateway to de-risk, develop and demonstrate the system’s capabilities. FET houses a full demonstration line of the FET-500 to allow customers, existing and new, to visit and experience the system operating from start to finish. They can also aid in developing new products and operating parameters through R&D trials, giving customers the confidence and knowledge to transfer a new product offering onto a production line.

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Indorama Ventures Champions University Innovation and Sustainability

UHMWPE fibres: New gel spinning systems for biomedical market