26 August 2013 17:35 [Source: ICIS news]
HOUSTON (ICIS)--Petrobras subsidiary Petroquimica Suape expects to start producing polyethylene terephthalate (PET) by the fourth quarter of this year, the company said on Monday.
The PET plant will have a capacity of 450,000 tonnes/year, and it will be part of the reais (R) 7.5bn ($3.1bn, €2.3bn) complex that the company is building in northeastern Brazil.
The complex will also produce polyester fibre, with those operations scheduled for completion by June 2014, the company said. The site will produce 240,000 tonnes/year of polyester fibre.
Petrobras has already started production at its 700,000 tonne/year purified terephthalic acid (PTA) plant.
($1 = €0.75, $1 = R2.39)
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