Indorama plans PET site

By Frank Esposito
Senior Staff Reporter

By Gurdip Singh
Correspondent

Published: November 19, 2012 6:00 am ET

Related to this story

Topics In Print

More PET resin capacity is headed to North America.

Indorama Ventures Public Co. Ltd. plans to build a 1.2 billion-pound-capacity plant at an undisclosed location in the U.S. The Bangkok-based firm’s board of directors approved the new plant Nov. 14.

The expansion is expected to be completed by the end of 2015. In a news release, officials said the new plant “will take advantage of expected growth in North America, while maintaining a low cost structure.”

Officials with Indorama said that no decision has been made as to the plant’s location. Indorama already operates a major 965 million-pound-capacity PET plant in Decatur, Ala., and a smaller 495 million-pound-capacity PET operation in Asheboro, N.C. Market insiders said Decatur is a possible location for the new plant, as is Cooper River, S.C., where British Petroleum plc has pure terephthalic acid feedstock available that could be used to make PET.

North American market watchers have questioned the need for a new PET plant in the region. North America already is believed to be oversupplied for PET, as are many other regions of the world. Lightweighting of PET bottles and slow growth in the carbonated soft drink sector have led to low-single-digit growth rates for North American PET in recent years.

The Indorama board has also decided to carry out a significant debottlenecking at its PET plant in Wloclawek, Poland.


Comments

Indorama plans PET site

By Frank Esposito
Senior Staff Reporter

By Gurdip Singh
Correspondent

Published: November 19, 2012 6:00 am ET

Post Your Comments


Back to story

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events