14 March 2008 01:27 [Source: ICIS news]
HOUSTON (ICIS news)--?xml:namespace>
LSB said it has laid the first stone of the €400m ($625m) plant in Sines.
One of the largest in
Construction will be completed by the end of 2009 and commercial production was expected to begin in the first quarter of 2010.
The plant will create 150 direct jobs and 200 indirect ones, LSB said.
The project “is designed to cover the current shortfall in the European market of PTA, the raw material of the company’s strategic product: PET [polyethylene terephthalate]”, it added.
“In the coming years, it is expected that demand for PTA in
LSB said the plant will use energy-efficient technology in order to cut energy costs by 25%.
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