02 June 2011 12:40 [Source: ICIS news]
LONDON (ICIS)--PT Indorama Ventures Indonesia has started work on a new 300,000 tonne/year polyester plant in ?xml:namespace>
Site preparation for the project has started and the plant is scheduled to begin operations in the first quarter of 2013, the Thailand-based group said.
The plant will supply growing demand for the polyester fibre, yarn and chips market in
Under the contract, Chemtex said it will supply the complete polymerisation plant and provide the design for the entire facility, including downstream spinning, utilities and off-sites.
PT Indorama Ventures Indonesia will source purified terephthalic acid (PTA) feedstock from Indorama Ventures’ facilities in
Monoethylene glycol (MEG) feedstock will come from Indorama Ventures’ usual suppliers, such as Saudi Arabian-based SABIC and MEGlobal, a joint venture between US giant Dow Chemical and Petrochemical Industries of Kuwait, he added.
The investment cost was not disclosed.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|