Thailand's IVL mulls investment in shale gas-based cracker in US

02 March 2012 10:11  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand-listed polyester maker Indorama Ventures Ltd (IVL) is looking at building a world-scale cracker in the US that will use shale gas as feedstock, a company spokesperson said on Friday.

“We just did a pre-feasibility study with a partner. We will do a year-long feasibility study and decide whether to go ahead [with the cracker project],” the spokesperson said, without elaborating.

This project would constitute an upstream expansion for IVL after announcing its acquisition of US-based ethylene oxide/ethylene glycol maker Old World in early February.

The $795m (€596m) acquisition of Old World is expected to be completed in the first quarter of the year.

($1 = €0.75)

By: Nurluqman Suratman

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