New PET capacity to offset potential Europe closures - buyer

15 March 2013 11:51  [Source: ICIS news]

AMSTERDAM (ICIS)--New polyethylene terephthalate (PET) capacity being developed in Turkey and Egypt may counteract the impact on western European supply from other potential permanent closures, a buyer said on Friday.

He added that the additional tonnes may also be a threat to importers to Europe.

Artenius's 80,000 tonne/year Greek PET plant remains down with no indication as to whether or not it will restart, sources said, speaking on the sidelines of the ICIS PET Value Chain conference in Amsterdam, the Netherlands. 

Artenius' parent company, La Seda de Barcelona, is negotiating to stay afloat in what is a very challenging time for PET producers who have been forced to operate at unsustainable margins.

Polyplex is to start up its 210,000 tonne/year PET plant in Turkey by the middle of August 2013, according to Amit Prakash, the company’s general manager and profit centre head. 

The unit is scalable up to 300,000 tonnes/year, he added in his presentation at the conference.

Total demand for PET film in Europe in 2013 is estimated at 270,000 tonnes/year, of which Turkey accounts for 30,000 tonnes/year, he said.

Egypt's EIPET PET plant in Sokhna, Egypt, will be up and running in July, a reliable source added, speaking on the sidelines.

The unit has two lines of 210,000 tonnes/year apiece.

Turkey's Koksan delayed the start-up of its new PET resin plant in Gaziantep, Turkey, to the middle of June for technical reasons. Commissioning is scheduled for the beginning of May. As well as delays caused by technical problems with piping and welding, weather issues hampered the start-up of the first of two 216,000 tonne/year PET lines.

Koksan is planning to start a second identical line in 2015, pending favourable market conditions. Although building has yet to start on this, the utility facilities are all in place to service both lines. The first line was originally due to be started up in the second half of 2012, but this was delayed to April 2013.

Around 30-35% or more of the PET will be destined for the domestic market and the remaining volume will be for export to the Middle East, CIS, Africa, Europe and Asia. Another 40-60% will be dedicated to the production of preforms. The new capacity is next to Koksan's PET preforming and bottling facilities in Gaziantep.

($1 = €0.77)

By: Caroline Murray
44208 652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index

Related Articles