Thailand's IVL in talks to build PX plant in the Middle East

02 April 2013 12:02  [Source: ICIS news]

Petrochemical plantSINGAPORE (ICIS)--Thailand-listed polyester maker Indorama Ventures Ltd (IVL) is in talks with a state-owned oil firm in the Middle East amid plans to build and operate a paraxylene (PX) production unit in the region, a company spokesperson said on Tuesday.

“We are talking to a state oil company… it is still in the early stages now and there is no deadline,” the spokesperson told ICIS.

“The PX project is being studied in the Middle East with the purpose of accessing low cost naphtha and with a partner to take care of the aromatics plant,” he added.

The company, the world’s largest producer of and polyethylene terephthalate (PET), has yet to fix an investment amount for the new PX unit.

In an earlier presentation the company said that it is looking at the possibility of an Indian/Middle East project that includes PX, purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester staple fibre (PSF), as well as capacity expansions in the US.

By: Nurluqman Suratman

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