19 November 2013 17:29 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--Petroquimica Suape will be starting up its two new bottle-grade grade polyethylene terephthalate (PET) production lines in Pernambuco state in northeast Brazil by the end of January, a company source said on Tuesday.
Each of the two lines has a capacity of 230,000 tonnes/year, and they are now in the pre-commissioning and pre-marketing stage, the source said on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
On-spec PET resin is currently being produced, with smaller volumes being delivered to confirm that logistics and operational structures are in place, as well as to build pertinent commercial relationships, according to the source.
Suape plans to export product to the other countries in South America after Brazil’s requirements are met. However, South America will still remain a net importer of PET after Suape’s PET is marketed throughout the region, the company said.
Petroquimica Suape is projecting strong growth for PET in bottled water and fruit juices, with more moderate expectations for sugared soda beverages.
Suape does not consider new capacities planned in the US as a threat, but rather as a renewal of production capacities, as some old, less-efficient or smaller operations close.
The APLA conference ends on Tuesday.
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