This year, Indorama Ventures entered into a license agreement with Shandong Binhua New Material Co., Ltd. to build and operate a co-production unit in China for propylene oxide (PO), t-butanol (TBA), and methyl t-butyl ether (MTBE). At the core of this project is Indorama Ventures' world-leading and innovative MTBE 'single-step' reaction technology, which simplifies the production process, thereby reducing operating costs while increasing MTBE yield.