Eleme to start PET production at Nigerian plant in April/May

20 March 2012 18:58  [Source: ICIS news]

LONDON (ICIS)--Indorama subsidiary Eleme Petrochemicals will bring on stream its new polyethylene terephthalate (PET) plant in Port Harcourt, Nigeria, in April or May this year, Thailand-listed Indorama said on Tuesday.

The plant has a capacity of 86,400 tonnes/year, and cost $300m (€228m) to build, the company said.

Parent company Indorama is also investing a further $1.8bn to build a methanol plant and fertilizer facility at the Port Harcourt site.

In 2006, the Indorama group paid $400m for Eleme, which was previously a subsidiary of the Nigerian National Petroleum Corporation (NNPC).

($1 = €0.76)

By: Leigh Stringer
+44 208 652 3214

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