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

Indorama subsidiary confirms PET project at BP site in the US

1:24 PM MDT | March 22, 2013 | Lindsay Frost

Indorama Ventures’ (Bangkok) polymers subsidiary AlphaPet has confirmed the construction of a previously announced polyethylene terephthalate (PET) production unit in the United States with BP as its partner in the project. The 500,000-m.t./year PET plant will be built adjacent to BP’s purified terephthalic acid (PTA) unit at BP's Decatur, AL, site. AlphaPet is investing $190 million to build the PET unit, which is scheduled for start-up in the fourth quarter of 2015. BP’s Decatur PTA plant will supply feedstock directly to AlphaPet's planned...

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