Citepe

Alpek obtained regulatory approval from CADE in Brazil to acquire 100% of PetroquímicaSuape and Citepe from Petrobras for $385 million. The companies operate an integrated PTA-PET facility and a texturized polyester filament plant in Ipojuca, Brazil.

Alpek obtained all necessary corporate approvals to acquire 100% of PetroquímicaSuape and Citepe from Petrobras for US$385 million. The companies operate an integrated PTA-PET facility in Ipojuca, Pernambuco, Brazil, with capacities of 640,000 tonnes PTA and 450,000 tonnes PET per year, plus a 90,000-tonne texturized polyester filament plant.

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.

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.