CCP joint venture pauses construction of PTA-PET plant in Corpus Christi

Indorama Ventures and its Corpus Christi Polymers (CCP) joint venture partners have decided to temporarily pause construction of the partly completed integrated PTA-PET plant in Corpus Christi, Texas, due to cost inflation, high interest rates, and labor shortages. The partners will evaluate options to optimize completion.

“Indorama Ventures has decided, along with its Corpus Christi Polymers (CCP) joint venture partners, to temporarily pause construction at its partly completed integrated PTA-PET plant in Corpus Christi, Texas.”beta.indoramaventures.com

• 1 source
• beta.indoramaventures.comIndorama Ventures | CCP joint venture partners evaluate options to optimize completion of a PTA-PET plant at Corpus Christi, TexasSep 26, 2023

Summarized from public sources; check the original articles before acting on it.