20 November 2013 14:58 [Source: ICIS news]
DUBAI (ICIS)--Equipolymers, a fully owned subsidiary of MEGlobal, has modified a portionof its production capacity at the firm's plant in Schkopau, Germany, to produce its new polyethylene terephthalate (PET) resin, the CEO of MEGlobal said on Wednesday.
The Schkopau plant, which produces about 335,000 tonnes/year of PET, is now partly producing the company's Bisneinex PET resin, which is designed for large bottling applications including the home and office delivery water bottle market, MEGlobal CEO Ramesh Ramachandran told ICIS.
The product, which is being marketed as a bisphenol A (BPA)-free alternative to polycarbonate, is already in the market and the company has received its first commercial order some two months ago, Ramachandran said on the sidelines of the 8th GPCA Forum in Dubai.
"We have modified the Schkopau plant to make Bisneinex and we have also modified it to make a new grade of PET to penetrate food packaging and aerosol markets," he said.
The company is now studying if it should license the Bisneinex as a techology to be sold to the market or if the company should build new plants to make the resin, Ramachandran said. "We are still talking to people to figure out what to do," he added.
Bisneinex requires minimal changes to existing manufacturing processes, and can be used on PC lines with only minor modifications to the equipment, according to Ramachandran.
MEGlobal is a joint venture between Dow Chemical and Petrochemical Industries Co (PIC) of Kuwait and was set up in 2004.
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