This news was about foreign assets, especially in the petrochemical assets. That is Indorana Ventures Plc (IVL) has acquired an ethylene cracker in Louisiana through it's US subsidiary Indorama Ventures Oletin LLC for bolsters its North American presence. IVL is a major international producer of intermediate petrochemicals and is already a major producer of purified ethylene oxide and mono-ethylene glycol in the US, for which ethylene is the feedstock. The latest acquisition is part of plans to strengthen the company's presence in North America following the purchase of a petrochemical plant in Canada.