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.
In 2006, the Indorama group paid $400m for Eleme, which was previously a subsidiary of the Nigerian National Petroleum Corporation (NNPC).
($1 = €0.76)
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