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Business
Dow Venture Sells Polyester Facility
by Michael McCoy
April 12, 2010
| A version of this story appeared in
Volume 88, Issue 15
Equipolymers has signed an agreement to sell its PET and terephthalic acid facilities in Ottana, Italy, to a joint venture between Ottana Energia and Indorama. Equipolymers, a joint venture between Dow Chemical and Petrochemical Industries of Kuwait, says it will continue to manufacture PET in Schkopau, Germany. Ottana Energia operates a power plant on the Italian site. Indorama is a Thai firm that in 2007 acquired two European PET plants from Eastman Chemical. Last year, Indorama opened a PET plant in Decatur, Ala.
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