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.
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