MEXICO CITY - Mexican petrochemicals producer Tereftalatos Mexicanos SA plans to open a US$300 million plant to make about 770 million pounds a year of purified terephthalic acid late in 1997. TM is a subsidiary of Alpek, the petrochemicals and synthetic fibers branch of the Mexican conglomerate Grupo Alfa of Monterrey. The plant will be in Altamira, Mexico.
The project includes plans for the installation of a power cogeneration plant to supply the facility, according to an Alfa spokesman. Government approval is still pending for that part of the project.
TM already operates a 1.12 billion pound-per-year PTA plant further south in Veracruz state. The plant exports about 40 percent of its production.
Major customers to be served by TM's increased output of PTA include Eastman Chemical Co., which is expected to launch its 264.6 million pound-per year PET plant at Cosoleacaque, Mexico, next month, and Shell Chemical Co., scheduled to complete a polyester packaging resins facility in Tampico, Mexico, in 1998.