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Business

M&G Picks Texas For New Plants

by Alexander H. Tullo
July 18, 2011 | APPEARED IN VOLUME 89, ISSUE 29

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Credit: Shutterstock
PET is used to make the ubiquitous plastic water bottle.
08929-buscon-bottlescxd.jpg
Credit: Shutterstock
PET is used to make the ubiquitous plastic water bottle.

Italian chemical firm Mossi & Ghisolfi has picked Corpus Christi, Texas, for the site of its largest ever investment, a complex that will make polyethylene terephthalate (PET) and purified terephthalic acid (PTA). It will take about 30 months to complete the facility, which will have capacity to make 1 million metric tons of PET and 1.2 million metric tons of PTA per year. M&G officials say they chose the location among other U.S. Gulf Coast candidates because of the business-friendly climate and access to nearby port, chemical, and oil-refining infrastructure, which will provide easy access to raw materials such as p-xylene and ethylene glycol.

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