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Indorama Ventures has signed a non-binding agreement with Capchem Technology USA to explore the construction of a lithium-ion battery solvents plant in the U.S. Gulf Coast. This facility aims to produce ethylene carbonate and derivatives essential for lithium-ion batteries, primarily serving the North American electric vehicle market, which currently relies heavily on imports. The project aligns with IVL's Vision 2030, focusing on sustainable specialty products and reducing reliance on Asian imports.
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