22 March 2013 18:06 [Source: ICIS news]
HOUSTON (ICIS)--BP and AlphaPet are joining together again to build a 500,000 tonne/year polyethylene terephthalate (PET) production unit at BP’s petrochemicals complex in ?xml:namespace>
AlphaPet, a subsidiary of Thailand-headquartered Indorama Polymers, will spend $190m (€146m) to build and operate a second PET unit adjacent to BP’s purified terephthalic acid (PTA) manufacturing plant, BP said in a press release.
BP will supply PTA directly to the new PET unit.
“We are delighted that Indorama has chosen to invest in a second PET unit at
“This new PET unit builds upon the success of the first AlphaPet PET unit at Decatur and further leverages BP’s scale, technology and location advantages to create a highly competitive and integrated [paraxylene]-PTA-PET manufacturing complex,” he said.
According to Indorama’s website, the
Commercial production commenced in October 2009 with a capacity of 216,000 tonnes/year, and in June 2010 a second line was added with another 216,000 tonnes/year capacity.
The facility is adjacent to BP’s
($1 = €0.77)
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