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Chemical Week Magazine :: Business & Finance :: United States/Americas
M&G hires Sinopec Engineering to manage US PTA/PET project
7:14 AM MST | January 18, 2013 | â€”Clay Boswell
M&G Group (Tortona, Italy) has signed a $1-billion engineering, procurement, and construction (EPC) contract with Sinopec Engineering Group (SEG) for the turnkey construction of a previously announced 1-million m.t./year polyethylene terephthalate (PET) plant and an integrated 1.2-million m.t./year purified terephthalic acid plant at Corpus Christi, TX. M&G expects construction of both plants, including permitting, to be complete within 36 months. â€œThis is the largest PET investment ever in the Western world and probably one of the largest investments...
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