21 March 2013 10:48 [Source: ICIS news]
SINGAPORE (ICIS)--Polyester maker Indo Rama plans to start up an integrated project to produce polyethylene terephthalate (PET) and purified terephthalic acid (PTA) in Tamil Nadu state in India by the end of 2015 or in early 2016, a source close to the project said on Thursday.
The project is a joint venture between Indo Rama Synthetics (India) and Thailand's Indorama Ventures.
“The project is still at the initial stage; the company has decided to go ahead with it,” said the source.
The capacity of the PET plant will be around 500,000 tonnes/year, while the PTA plant will have a capacity of more than 1m tonnes/year, the source said.
The PTA plant will meet the feedstock needs of the new PET plant, as well as an existing facility in Butibori in Maharashtra state. Indo Rama Synthetics operates a 600,000 tonne/year complex at Butibori that produces polyester fibre, yarn and chips, market sources said.
Additional reporting by Malini Hariharan
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