Alpek, Indorama, FENC JV to resume US PET project in August – ICIS

Understand market developments and complex data and what they mean to you.
Don’t see the commodity you’re looking for?
Click here to use our commodity finder
Thousands of decisions are taken every day supported by ICIS data.
Discover the CO2 emissions across supply chains with comprehensive carbon footprint data for chemicals by region, plant and supplier.
Access a host of content brought to you by ICIS Experts from around the world.
View upcoming events and training courses produced by ICIS for the industry.
Connecting markets and data, enabling customers to make smarter business decisions.
“ICIS price forecasts have helped us allocate resources smartly and efficiently, to anticipate price changes, and to buy PP at favourable prices.
The reports have saved our internal team a lot of time and effort when analysing pricing trends.”
Sante Serrecchia, Administrative & Purchasing Manager, Ondaplast
Melissa Wheeler
18-Jul-2022
HOUSTON (ICIS)–Alpek, Indorama and FENC announced earlier today that Corpus Christi Polymers (CCP) will resume construction on the facility in August. The plant is expected to begin production of polyethylene terephthalate (PET) and purified terephthalic acid (PTA) in early 2025.
Construction of the state-of-the-art plant is resuming following a period of pandemic-related disruptions.
The new facility is expected to be the largest vertically integrated PTA-PET production plant in the Americas, with annual capacities of 1.1m tonnes of PET and 1.3m tonnes of PTA. It will employ three state-of-the-art technologies: PTA: IntegRex; PET melt: Invista; and PET solid state: Easy Up (HCIRR – horizontal continuous slightly inclined rotary reactor).
The plant’s vertical integration optimises PTA-PET production and ensures additional capacities are available to the PTA and PET markets.
Russell Wilson will leave his role with IVL as Head of Manufacturing Americas, Combined PET, to take up a new role as CEO of CCP from 18 July.
PET resins can be broadly classified into bottle, fibre or film grade, named according to the downstream applications. Bottle grade resin is the most commonly traded form of PET resin and it is used in bottle and container packaging through blow molding and thermoforming. Fibre grade resin goes into making polyester fibre, while film grade resin is used in electrical and flexible packaging applications.
PET can be compounded with glass fibre for the production of engineering plastics.
DAK Americas, Indorama, Nan Ya Plastics Corporation and Far Eastern New Century (FENC) are PET producers in the US.
The subscription platform provides access to our full range of breaking news and analysis

Contact us now to find out more

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?
ICIS is part of the LexisNexis® Risk Solutions Group portfolio of brands.
Copyright © 2022 LexisNexis Risk Solutions Group

source