Indorama to buy Portuguese PTA plant | November 20, 2017 Issue - Vol. 95 Issue 46 | Chemical & Engineering News
Volume 95 Issue 46 | p. 12 | Concentrates
Issue Date: November 20, 2017

Indorama to buy Portuguese PTA plant

Department: Business
Keywords: Europe, polyester, purified terephthalic acid

The Thai polyester giant Indorama Ventures is purchasing Artlant PTA, which runs a purified terephthalic acid plant in Sines, Portugal. The facility has the capacity for 700,000 metric tons per year of the polyethylene terephthalate (PET) raw material, making it Europe’s second-largest PTA plant. It was commissioned in 2012 by the polyester maker La Seda de Barcelona, which went bankrupt about a year later. Indorama says the plant helps back-integrate its PET business.

 
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