04 October 2012 16:53 [Source: ICIS news]
MOSCOW (ICIS)-- Russian petrochemical company SIBUR on Thursday pledged to increase the capacity of its bottle-grade polyethylene terephthalate (PET) plant, Polyef.
Polyef has started construction works aimed to raise its PET capacity from the current 140,000 tonnes/year up to 210,000 tonnes/year, SIBUR said in a statement.
However, SIBUR declined to disclose the project's time-frame and cost estimates.
Polyef, based in Blagoveschensk, Bashkortostan region, central Russia, launched two 115,000 tonne/year terephthalic acid (PTA) production facilities in 2005-2006. In March-May 2008, Polyef started operation of two 60,000 tonne/year PET units.
In 2007, Polyef discussed plans to raise the plant's capacities up to 600,000 tonnes/year of PTA and 400,000 tonnes/year of PET at an estimated cost of $840m (€655m). However, these plans failed to materialise.
($1 = €0.78)
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