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)
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections