Partners resume construction of polymer plant in Texas
22/07/2022
Construction has resumed at a new polymer plant in Corpus Christi, Texas. The factory is a joint venture involving fibre groups Indorama, Far Eastern New Century and DAK Americas.
The companies formed a partnership to build the plant in 2018, but construction was interrupted by the covid-19 pandemic.
Polymer production is expected to begin there in 2025 and will have the capacity to produce 1.1 million tonnes of PET and 1.3 million tonnes of PTA per year.
Each of the three companies will source their own raw materials and each will receive one-third of the PTA and PET produced at the facility to sell and distribute independently.
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