23 May 2013 16:32 [Source: ICIS news]
LONDON (ICIS)--Spain's Artenius has nearly completed its new 150,000 tonne/year polyethylene terephthalate (PET) Simpe plant at Acerra, Italy, a company source said on Thursday.
"The plant is technically almost complete," the source said.
It was scheduled to start up in the first quarter of 2013, and there has been no official update.
The plant, which is close to the port of Naples, was in commissioning in the fourth quarter of 2012.
La Seda de Barcelona, Artenius's parent company, is renegotiating its debts at a challenging time for PET producers, which have been forced to operate at unsustainable margins.
Artenius operates a 140,000 tonne/year unit in Adana in Turkey and a 170,000 tonne/year site at El Prat de Llobregat, Spain. Its 80,000 tonne/year PET plant in Volos, Greece, remains shut down.
The 200,000 tonne/year San Giorgio di Nogaro plant in Italy is focused on technical polymer production.
($1 = €0.78)
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