06 June 2011 12:35 [Source: ICIS news]
LONDON (ICIS)--Thailand-based Indorama Ventures will build a 220,000 tonne/year polyethylene terephthalate (PET) expansion project at its site in ?xml:namespace>
The project will raise PET capacity at the site, formerly owned by Poland-based SK Eurochem, to 360,000 tonnes/year, Indorama Ventures said. The project is expected to be completed in 2013, it added. The investment cost was not disclosed.
The company had been considering two locations for the project: either in
It originally announced plans in April to add 220,000 tonnes/year of PET capacity in
Poland-based PKN Orlen revealed in February that it had agreed to deliver feedstock from the 600,000 tonne/year PTA plant to SK Eurochem.
Indorama Ventures completed the acquisition of PET producer SK Eurochem from
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