The PET industry has focused very much on Asia in recent years, and especially on China. But there is another Asian country with a one billion plus population - India. India is keen to join the march of progress and open up to PET, welcoming visitors and businessmen with open arms.
Companies have put up PET melt phase capacities to be able to cater to the polyester users. Several of them are operating sub-optimally. For raw materials they are dependent on large commodity petrochemicals manufacturers or on imports......