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Indorama to Invest $700 Million in PTA, PET, PSF Project in India

5:19 AM MST | January 25, 2012 | Deepti Ramesh

Indorama Ventures (Bangkok) says it will construct an integrated facility in India, which will consist of purified terephthalic acid (PTA), polyethylene terephthalate (PET), and polyester staple fiber (PSF) production plants fully-integrated with a para-xylene facility of a third party. Indorama has signed a memorandum of understanding with Indorama Synthetics India (Gurgaon, India), an Indorama group company, to enter into a joint venture that will construct the plants and utilize the offtake of the plants. The project will involve a total investment of about...

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