Alpek joint venture to make PET resin plant in Russia

By Frank Esposito
Senior Staff Reporter

Published: September 27, 2013 3:02 pm ET

Related to this story

Topics Materials Joint Venture Materials Suppliers
Companies & Associations

Mexican petrochemicals giant Alpek SAB de CV has formed a joint venture to build a massive plant making PET resin and related feedstock in Ufa, Russia.

Mexico City-based Alpek has formed the JV with Russian holding company Sistema JSFC. Each company is using a subsidiary in the deal — Alpek with Grupo Petrotemex SA de CV, and Sistema with JSC United Petrochemical Co.

The plant will have annual capacities of more than 1.3 billion pounds each of PET and purified terephthalic acid feedstock. Alpek’s Integrex-brand PTA process technology will be used at the site. Alpek and Sistema are negotiating with Russian chemical firm JSOC Bashneft to supply the plant with paraxylene feedstock, officials said in a Sept. 26 news release.

The European Commission has approved the forming of the JV. The project remains subject to additional approvals from governmental authorities.

Ufa is located about 800 miles east of Moscow and 200 miles north of Russia’s border with Kazakhstan. The city has a population of almost 1.1 million and is the capital of the Russian republic of Bashkortostan.

Sistema is Russia’s largest publicly traded holding company. The Moscow-based firm has total assets of more than $44 billion in businesses ranging from oil and energy to banking to retail. Its UPC unit produces polyethylene, polypropylene and related products.

Alpek ranks as Mexico’s largest petrochemicals firm, with annual sales of about $7.3 billion in a range of plastics and chemicals, including PET and PP. Its DAK business unit ranks as one of North America’s largest PET makers.

Since 2010, DAK has acquired the North American PET businesses of Eastman Chemical Co. and Wellman Inc. Earlier this year, Alpek paid $350 million for the rights to 900 million pounds of PET capacity at a plant that M&G Group plans to open in Corpus Christi, Texas, in 2016.


Comments

Alpek joint venture to make PET resin plant in Russia

By Frank Esposito
Senior Staff Reporter

Published: September 27, 2013 3:02 pm ET

Post Your Comments


Back to story


More stories

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

PolyOne's Patterson focused on keeping the momentum going

March 27, 2015 9:30 am ET

New PolyOne CEO Robert Patterson sees a lot of good things when he looks at his company, which ranks as North America's largest compounder and...    More

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events