Petroquímica Suape

Activity by year

20162017201820192020202120222023202420252026

Acquisition

Dec 28, 2016ACQUISITIONIpojuca, Pernambuco, Brazil, Brazil$385.0M
Alpek signs agreement to acquire Petroquímica Suape and Citepe from Petrobras for $385 million
Alpek signed a share purchase agreement with Petrobras to acquire 100% of Petroquímica Suape and Citepe for $385 million. The facilities in Ipojuca, Brazil, have capacities of 700,000 tons/year PTA, 450,000 tons/year PET, and 90,000 tons/year texturized polyester filament. Closing is subject to approvals.
Petrobras partner Petrobras target Alpek acquirer Petroquímica Suape target Citepe target #Plastics and Polymers #Industrial Textiles alpek.com doi.org
Nov 3, 2016ACQUISITIONIpojuca, Pernambuco, Brazil, Brazil$385.0M
Alpek continues negotiations to acquire Petroquímica Suape and Citepe from Petrobras
Alpek announced it continues negotiations with Petrobras to acquire its stakes in Petroquímica Suape and Citepe, which operate an integrated PTA-PET facility in Ipojuca, Brazil. The facility has capacities of 700,000 tpy PTA and 450,000 tpy PET, plus a 90,000 tpy texturized polyester filament plant.
Petrobras target Petróleo Brasileiro target Alpek acquirer Petroquímica Suape target Citepe target Companhia Petroquímica de Pernambuco target #Plastics and Polymers #Industrial Textiles alpek.com alpekpolyester.com

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