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

Equipolymers to Sell Italian Operation to Indorama

9:10 AM MST | January 6, 2010 | Peter Mapleston

Equipolymers (Horgen, Switzerland), a producer of purified terephthalic acid (PTA) and polyethylene terephthalate (PET) bottle resin jointly owned by Dow Chemical and Petrochemical Industries Co. (PIC; Safat, Kuwait), is in advanced negotiations to sell its Equipolymers Srl (Ottana, Italy) subsidiary to a group headed by Paolo Clivati, the owner of local energy provider Ottana Energia, supported by Indorama Polymers (Bangkok). Indorama is the second-largest supplier of PET in Europe after La Seda de Barcelona. It acquired Eastman Chemical’s PET and PTA...

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