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

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

“The decision was taken to manage the challenging environment related to cost inflation, high interest rates, and labor shortages.”indoramaventures.com

• 1 source
• indoramaventures.comCCP joint venture partners evaluate options to optimize completion of a PTA-PET plant at Corpus Christi, Texas | Indorama VenturesSep 27, 2023

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