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M&G Advances Plans for World-Scale PET Plant at Corpus Christi

10:53 AM MDT | September 13, 2012 | Rebecca Coons

M&G Group says it is moving forward with previously announced plans to build a world-scale polyethylene terephthalate (PET) facility at Corpus Christi, TX. M&G declined to disclose a timeline or the expected cost of the project, although IHS Chemical experts say the facility is likely to cost around $1 billion and, once construction begins, take just under three years to complete.. M&G says it has bought land on the Viola Channel within the Port of Corpus Christi to build the 1-million m.t./year PET plant and accompanying 1.2-million m.t./year...

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