# 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.

- Type: Closure
- Announced: 2023-09-27
- 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 Public Co. Ltd.](https://endata.com/companies/16732.md)
- [Alpek](https://endata.com/companies/4456.md) (partner)
- [Far Eastern New Century](https://endata.com/companies/4457.md) (partner)

## Sources

- [indoramaventures.com](https://www.indoramaventures.com/en/investor-relations/newsroom/press-releases/2087/ccp-joint-venture-partners-evaluate-options-to-optimize-completion-of-a-pta-pet-plant-at-corpus-christi-texas), 2023-09-27: "The decision was taken to manage the challenging environment related to cost inflation, high interest rates, and labor shortages."

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