Tech Newswire

Indorama Ventures Acquires Huntsman

Indorama Ventures Public Company Limited (IVL), a global chemical producer, has completed its acquisition of Huntsman’s  integrated oxides and derivative businesses.


The acquisition is a profitable and growing end applications business with unique products and geographical profile in the crowded olefins space. It has a well-integrated assets base with an extensive infrastructure and future expansion possibilities.


The cash value of US$2.0 billion makes it the largest acquisition by Indorama Ventures


The transaction value translates to an EV/EBITDA of ~5.7x and is expected to add substantial synergies to Indorama’s existing 450kta Ethane/Propane Cracker and our 550kta EO/EG. IVL will now be integrated from Ethane to PET as well as the high-margin EO and PO derivative businesses.




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