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Markets :: Basic Chemicals :: Petrochemicals :: Terephthalic acid

Alpek and United Petrochemical form RusPETF joint venture

3:46 AM MST | January 17, 2014 | Natasha Alperowicz

Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), and United Petrochemical Co. (UPC; Moscow), a subsidiary of Sistema (Moscow), the largest publicly traded diversified holding company in Russia, have formed and registered a joint venture, RusPETF (Ufa, Russia). The jv will build a previously announced complex producing purified terephthalic acid (PTA) and polyethylene terephthalate (PET) bottle resin at Ufa, Bashkortostan Republic, Russia.   Karina Yenikeyeva, who was appointed director general of RusPETF, said...

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