Indorama Ventures to expand PET capacity in Poland or the Netherlands
02 June 2011 17:02 [Source: ICIS news]
LONDON (ICIS)--?xml:namespace>Thailand’s Indorama Ventures intends to add 220,000 tonnes/year of polyethylene terephthalate (PET) capacity in either Wloclawek, Poland or Rotterdam, the Netherlands, market sources said on Thursday.
The Thailand-based group announced plans in April to add 220,000 tonnes/year of PET capacity in Europe by 2013 but did not disclose further details.
Indorama Ventures already has 140,000 tonnes/year of PET resin capacity in Wloclawek. It acquired the plant when it purchased Poland-based SK Eurochem from South Korea’s SK Chemicals in March.
Poland’s PKN Orlen revealed in February that it had agreed to deliver feedstock from its new 600,000 tonne/year purified terephthalic acid (PTA) plant in Wloclawek to SK Eurochem.
In Rotterdam, Indorama Ventures has 200,000 tonnes/year of PET capacity and is in the process of adding a further 190,000 tonnes/year. The PET expansion is expected to be completed by the end of this year.
The company also announced plans last month to expand its PTA capacity in Rotterdam by 250,000 tonnes/year to 600,000 tonnes/year. This project is expected to be completed in 2014.
Outside Europe, Indorama Ventures is expanding its polyester fibres capacity in Purwakarta, Indonesia. Site preparation is already underway for the 300,000 tonne/year project.By: Anna Jagger+44 20 8652 3214
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