Alpek, Indorama, Far Eastern JV to acquire M&G's Corpus Christi PTA-PET plant
Corpus Christi Polymers LLC, a joint venture of Alpek, Indorama, and Far Eastern, has entered into an asset purchase agreement to acquire M&G's integrated PTA-PET plant under construction in Corpus Christi, Texas, for $1.125 billion.
Capacity
1.1 million metric tons per year of PET and 1.3 million metric tons per year of PTA
ProductsPTA (purified terephthalic acid)PET (polyethylene terephthalate)
“The Corpus Christi Project is an integrated PTA-PET plant currently under development that, when completed, will have nominal capacity of 1.1 million and 1.3 million metric tons per year of PET and PTA, respectively.”alpekpolyester.com
- 4 sources
- alpekpolyester.comALPEK ENTERED INTO A JOINT VENTURE TO ACQUIRE M&G’S CORPUS CHRISTI PROJECT - Alpek PolyesterFernanda Del PradoMar 21, 2018
- alpek.comAlpek entered into a joint venture to acquire M&G’s Corpus Christi Project | AlpekAleMar 21, 2018
- napcor.comNAPCOR Members Form JV to Acquire M&G Corpus Christi PTA-PET Plant - NAPCORMar 21, 2018
- just-style.comIndorama subsidiary to acquire largest PTA plant in US - Just StyleBeth WrightMar 26, 2018
Summarized from public sources; check the original articles before acting on it.
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