Indorama Ventures starts work on new polyester plant in Indonesia

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 Purwakarta, Indonesia, parent group Indorama Ventures said on Thursday.

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 Indonesia and the Asian region, Indorama Ventures added.

Chemtex, the engineering division of Italy’s M&G Group, has been awarded the contract to build the polyester plant.

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 Thailand, a representative of Indorama Ventures said.

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 more on polyester, PTA and MEG, visit ICIS chemical intelligence
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By: Anna Jagger
+44 20 8652 3214

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