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IVL completes PTA capacity expansion in Europe
26
Jul '17
Courtesy: IVL
Courtesy: IVL
Indorama Ventures Public Company Ltd (IVL), a global chemical producer, has completed brownfield expansion of its purified terephthalic acid (PTA) plant, resulting in total PTA capacity of 700,000 tonnes per annum at Rotterdam. Post expansion, IVL’s total European PTA capacity has increased to over 1 million tons including the capacity at its Spain plant.

With the latest expansion, IVL’s Rotterdam site has become the most efficient integrated PET and PTA complex in Europe, while IVL has become Europe’s largest integrated PTA/PET supplier.

At present, the Rotterdam facility produces 380,000 tonnes per annum of PTA which is entirely used as a major feedstock of the site’s integrated polyethylene terephthalate (PET) production, a recyclable packaging material. The expanded plant is undergoing final stages of start-up with expected commercial production in middle of August 2017.

“With this low cost proven technology and nearly double the PTA production capacity, the expansion will bring cost synergies to the site. The Rotterdam facility is well positioned to support the continued growth as its location allows access to the whole of Europe,” commented IVL Group CEO Aloke Lohia.

“This additional production will replace purchased PTA and significantly improve European profitability. We now look forward to the start-up of our gas cracker in Louisiana, US, in end of the year. These two landmark projects will enhance earnings and the competitiveness of IVL substantially,” Lohia added. (RKS)

Fibre2Fashion News Desk – India


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