MOSCOW (MRC) -- The US Environmental Protection Agency (EPA) has issued two final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permits to M&G Resins to build a new chemical process plant and utility support facility, said Hydrocarbonprocessing.
The facility will be located in Corpus Christi, Texas.
"EPA will continue working with companies to ensure they have the permits they need,” said EPA regional administrator Ron Curry. “We are working to help Texas businesses take advantage of growth opportunities while building greener facilities with better controls for greenhouse gas emissions."
M&G Resins plans to build a new polyethylene terephthalate (PET) resin manufacturing complex along with a collocated combined support system for heat and power utility generation. The support system will be used for steam and electrical demands.
As MRC wrote before, M&G plans to use Alpek's IntegRex technology for the PTA unit, but will use its own technology for the PET unit. Alpek has purchased a USD350m multi-year sourcing agreement for rights to 400,000 tonnes/year of the plant's PET production.
The project will emit up to 1,178,441 tpy of CO2.
The additions will bring over USD1 billion in capital investments, create 3000 construction jobs, 250 long-term operations jobs and 700 support positions in the local area, according to the EPA news release.
M&G Group is a family owned chemical engineering and manufacturing group headquartered in Tortona, Italy. M&G Group operates in the PET resin industry in the Americas through its wholly-owned holding company, Mossi & Ghisolfi International S.A. (M&G International). M&G International is presently a leading producer of PET resin for packaging applications in the Americas, with a production capacity in 2012 of approximately 1.6 million tons per year. Thanks to its proprietary Easy-up PET Technology M&G International currently owns the world's largest single line PET plants in Altamira, Mexico (single line of 490,000 MT/year nominal capacity) and Suape, Brazil (single line of 650,000 MT/year nominal capacity).
MRC