Price and market trends: Polyplex expects Turkey PET plant licensing by April

07 February 2014 10:15 Source:ICIS Chemical Business

Polyplex Resin expects to receive licensing for its polyethylene terephthalate (PET) site in Corlu, Turkey, by April 2014 as the company awaits government approval for an energy source, a company source said on 3 February.

“Regarding energy approval, we are expecting to close one critical step of pre-licence by 22 February 2014 and there are [a] further two steps [needed for licensing],” the source said.

“[We] would expect to receive the licence mid- to end April 2014 [at the latest]. We had done a trial production in December 2013 and have recently sampled with trial containers to the European markets (several customers and countries) and expect to receive final qualification results in a month,” the source added.

He said Polyplex has already received quality control certification – granted by global assessment body SGS – for the trial production, “which was essential for EU and Turkey sales”. India’s Polyplex site in Corlu has experienced several delays. The unit was scheduled to come on stream in summer 2013 but suffered delays with programmed inaugurations in December 2013 and March 2014, with the licensing now expected in April 2014.

By Jonathan Lopez