Belarus’s Mogilevkhimvolokno to increase PET capacity

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.

Mogilevkhimvolokno, based in Belarus’s Mogilev region, currently produces 115,000 tonnes/year of PET. It also produces dimethyl terephthalate and polyester fibres.

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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By: Sergei Blagov
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