IHS Chemical Week

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

La Seda Secures Funds to Continue Work on Portugal PTA Project

9:18 AM MST | November 3, 2009 | Marco Achon in Madrid

La Seda de Barcelona says it has signed a €10-million loan agreement with banking company Caixa Geral (Lisbon) that will enable La Seda to continue work on a project to build a purified terephthalic acid (PTA) plant at Sines, Portugal. The 700,000-m.t./year PTA plant is due onstream in early 2010. La Seda agreed earlier this year to sell a stake in the plant to Caixa Geral for €40 million. The companies plan to seek a buyer for a majority stake in the PTA unit after its completion. La Seda will retain a minority stake. La Seda is working with its...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa