Advertisement

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

Petrochemicals

Indorama pushes into Egypt with PET acquisition

by Michael McCoy
June 23, 2018 | A version of this story appeared in Volume 96, Issue 26

The Thai petrochemical maker Indorama Ventures has struck a deal to buy a 50% stake in an idle polyethylene terephthalate (PET) plant in Egypt. Indorama plans to restart the 540,000-metric-ton-per-year facility next month using as raw material purified terephthalic acid made at a site in Portugal that it also recently acquired and is restarting. Indorama, one of the world’s largest producers of PET, says the Egypt project will create 300 jobs and support a manufacturing revival in the country.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.