Petrochemical Heritage Award

Without petrochemistry we wouldn’t be missing just gasoline for our cars: we’d be missing such things as nylon, linoleum, and Plexiglas. The Petrochemical Heritage Award was established in 1997 to recognize individuals who made outstanding contributions to this vital field.

The Petrochemical Heritage Award recognizes those whose contributions to public understanding are noteworthy, who have displayed significant entrepreneurship in the petrochemical profession or industry, and who have been active in philanthropic and/or communal affairs. It is presented with the Founders Club each year at the International Petrochemical Conference, held by the American Fuel and Petrochemical Manufacturers.

2022 Honoree: Aloke Lohia

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Aloke Lohia headshot

Courtesy of Aloke Lohia

Aloke Lohia, founder and group CEO at Indorama Ventures Public Company Limited, received the 2022 Petrochemical Heritage Award on March 27 during the International Petrochemical Conference held in San Antonio.

Read the press release >>

Lohia founded Indorama Ventures in 1990 and has grown it into the largest polyethylene terephthalate (PET) producer in the world, the largest polyester fiber manufacturer in Thailand, and a major producer of integrated oxides and derivatives. He is the driving force behind the rapid growth of the company, which now has 124 operating sites in 33 counties.

His business ventures began with the founding of Aurus Specialty Chemicals in Thailand in 1988, the family’s first non-textile venture. This small chemical company used plant waste to make furfural. Six years later he went on to establish Indorama Holdings, Thailand’s first worsted wool yarn manufacturer. Lohia then set up Thailand’s first PET production company in 1995 after realizing that the packaging industry material was in great demand but short supply. IVL eventually spread around the globe from North America to Europe, Asia to Africa. Since that first small factory in Thailand, Indorama Ventures has grown to become the largest PET business in the world today.

Indorama Ventures recently expanded its PET/PTA integration even further via the acquisition of the BP Decatur, Alabama, site that includes PX and PTA production, the Old World Industries ethylene oxide/ethylene glycol business with a world-scale manufacturing facility in Bayport, Texas, and the ethylene plant in Lake Charles, Louisiana.

Lohia was born in 1958 in Calcutta, India. He graduated in 1978 with a bachelor of commerce degree from the University of Delhi and holds an honorary doctoral degree of business administration from Rajamangala University of Technology Krungthep in Thailand.

Previous Winners of the Petrochemical Heritage Award

  • Jim Teague (2020)
  • Albert and James Chao (2019)
  • Gary K. Adams (2018)
  • David Weidman (2017)
  • Stephen Pryor (2016)
  • James Gallogly (2015)
  • Frank Popoff (2014)
  • Jim Ratcliffe (2013)
  • Marvin Schlanger (2012)
  • Raj Gupta (2011)
  • Hiromasa Yonekura (2010)
  • Mohamed Al-Mady (2009)
  • Peter Huntsman and Dave Swalm (2008)
  • Dan Duncan (2007)
  • J. Virgil Waggoner (2006)
  • T. T. Chao (2005)
  • William McMinn Jr. (2004)
  • Harold A. Sorgenti (2003)
  • Herbert E. Doan (2002)
  • Jon M. Huntsman (2001)
  • Ralph Landau (2000)
  • John R. Hall (1999)
  • John T. Files (1998)
  • Gordon Cain (1997)
     

About the Sponsors

The Founders Club was founded in 1981 by a group of petrochemical-industry executives who participated in the establishment of the Petrochemical Committee of the NPRA (now AFPM) and ultimately generated the International Petrochemicals Conference (IPC) as a separate identity within NPRA. The Founders Club today is a select group of individuals with a minimum of 25 years of distinguished service in the petrochemical industry. The club proudly advances the legacy inherited from these original “Founders” as contributing stewards of the petrochemical industry with a respect for the past (legacy), activities for the present (networking), and support for the future (recognition).

American Fuel & Petrochemical Manufacturers (AFPM) is a trade association representing high-tech American manufacturers of virtually the entire U.S. supply of gasoline, diesel, jet fuel, other fuels and home heating oil, as well as the petrochemicals used as building blocks for thousands of vital products in daily life.