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Indorama Ventures to build PET expansion project

June 06/2011

(ICIS) -- Thailand-based Indorama Ventures will build a 220 KTa polyethylene terephthalate (PET) expansion project at its site in Wloclawek, Poland, the company told ICIS on Monday. The project will raise PET capacity at the site, formerly owned by Poland-based SK Eurochem, to 360 KTa  Indorama Ventures said. The project is expected to be completed in 2013, it added. The investment cost was not disclosed. The company had been considering two locations for the project: either in Wloclawek or in Rotterdam, the Netherlands. It originally announced plans in April to add 220 KTa  of PET capacity in Europe by 2013 but did not disclose further details.

Indorama Ventures intends to source purified terephthalic acid (PTA) feedstock from PKN Orlens new PTA plant, also in Wloclawek, which was officially opened last week.

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