# 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.

- Type: Closure
- Announced: 2023-09-26
- Where: Corpus Christi, Texas, United States
- Status: under construction
- Products: PTA, PET
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (partner)
- [Alpek](https://endata.com/companies/4456.md) (partner)
- [Far Eastern New Century](https://endata.com/companies/4457.md) (partner)

## Sources

- [beta.indoramaventures.com](https://beta.indoramaventures.com/news/press-releases/ccp-joint-venture-partners-evaluate-options-to-optimize-completion-of-a-pta-pet-plant-at-corpus-christi-texas), 2023-09-26: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.