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M&G Advances Plans for World-Scale PET/PTA Facility at Corpus Christi, TX

8:58 AM MDT | September 14, 2012 | Rebecca Coons

M&G Group says it has bought land in Corpus Christi, TX, to build a previously announced 1-million m.t./year polyethylene terephthalate (PET) plant and an accompanying 1.2-million m.t./year purified terephthalic acid (PTA) unit. The company declined to disclose a timeline or the expected cost of the project, although an IHS Chemical expert says the facility is likely to cost around $1 billion and, once construction begins, take just under three years to complete. M&G tells CW that location and cost-advantaged technology are the driving forces behind the...

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