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Alpek agreed to buy 100% of OCTAL Holding SAOC for US$620 million on a debt-free basis, adding over one million tons of PET sheet, recycling, packaging and resin capacity across sites in Oman, the US and Saudi Arabia.
Indorama agreed in late December 2018 to acquire an Alabama PET recycling facility from Custom Polymers, with combined annual capacity of 31,000 tons.