Leading Synthetics runs Melbourne PET plant at 100%

30 September 2009 09:10  [Source: ICIS news]

SINGAPORE (ICIS news)--Leading Synthetics, the sole polyethylene terephthalate (PET) producer in Australia, ramped up operating rates at its 70,000 tonne/year plant to 100% last week due to increasing domestic demand, a company source said on Wednesday.

“The domestic market is picking up with the arrival of summer season in Australia,” said the source.

The plant, which is located at Melbourne, had been running at a reduced rate of 80% since mid-August due to high feedstock costs as well as weak business conditions in the PET market, according to the source.

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By: Yu Guo
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