Bangkok Billionaire Defies Global Backlash With Big Plastic Bets
- Thailand’s Indorama doesn’t see an alternative to the material
- CEO Lohia says recycling key to reducing waste, pollution
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The world is up in arms against plastics, but a Bangkok-based billionaire isn’t giving up on the versatile material blamed for choking oceans and killing marine animals.
Aloke Lohia, the Indian-born tycoon who runs Indorama Ventures Pcl, Thailand’s No. 2 listed petrochemical business, sees no alternative to plastics, the polymer used to make ubiquitous objects from clothing yarn to containers.