06 December 2010 10:20 [Source: ICIS news]
MOSCOW (ICIS)--OAO Mogilevkhimvolokno, a subsidiary of the Belarusian state-controlled petrochemical holding company Belneftekhim, is to increase its polyethylene terephthalate (PET) capacity, the company said in a statement released on Monday.
As part of the government’s approval of Mogilevkhimvolokno’s 2011-2015 development blueprint, the company will increase its PET capacity to 200,000 tonnes/year.
The project is expected to cost €120m ($160m), the statement said, without disclosing further details.
In 2008, Mogilevkhimvolokno revised down the capacity of its planned terephthalic acid (PTA) plant to 220,000 tonnes/year. Construction was expected to begin in 2010 but the project has been slow to materialise.
($1 = €0.75)
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