ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Big M&G project is struggling

by Alexander H. Tullo
September 25, 2017 | APPEARED IN VOLUME 95, ISSUE 38

Mossi and Ghisolfi’s (M&G) big surface polyethylene terephthalate (PET) project in Corpus Christi, Texas, is in trouble. Contractor Fluor Enterprises has given notice to the State of Texas that it is laying off 274 workers who are building the plant. This follows comments from rival Alpek, which has a contract to buy 500,000 metric tons of PET per year from the facility once it is completed. Alpek doubts M&G can complete the plant. Also, the Mexican company is cutting off supplies of the raw material purified terephthalic acid to M&G at other locations because of nearly $50 million in unpaid bills. Earlier this year, contractors working on the Corpus Christi unit filed liens in Nueces County, Texas, against M&G for nonpayment.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment