30 January 2012 00:00 [Source: ICB]
INDORAMA PLANS INDIA PTA/PET PROJECT
Thailand's Indorama Ventures plans to build an integrated plant in India for the production of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester staple fiber. The project, which will be integrated with a third party paraxylene (PX) producer, is expected to cost about $700m (€541m), Indorama said. Details of the unit's capacity and location will be revealed once negotiations have been completed, it added.
RUSSIA BEGINS WORK ON NEW PET UNIT
Russian authorities said construction work has started on a 486,000 tonne/year bottle-grade polyethylene terephthalate (PET) project. Russian company Etana will operate the roubles 12bn ($390m) project, which is located near Oktyabrsky in the southern region of Kabardino-Balkariya, regional authorities said. The project's first stage, with a 162,000 tonne/year capacity, is due onstream in 2013. The second 288,000 tonne/year stage would be built by 2014. The plant's total capacity is expected to reach 486,000 tonnes/year in 2015.
POET AND DSM LAUNCH CELLULOSIC ETHANOL JV
Biofuel producer POET and biotechnology company Royal DSM have launched a US-based joint venture to produce cellulosic ethanol on a commercial scale using corn residue. The 50:50 venture, POET-DSM Advanced Biofuels, is scheduled to start production in the second half of 2013, at one of the first commercial-scale cellulosic ethanol plants in the US. The first commercial demonstration of the technology will be at a facility next to POET's corn ethanol plant in Emmetsburg, Iowa, with an initial capacity of 20m gal/year in the first year.
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