Corpus Christi, Texas to have PET/PTA plants

13 Jul '11

4 min read

Corpus Christi Regional Economic Development Corporation anticipates direct and indirect payroll resulting from the new plants to reach $780 million over 10 years and expects total economic impact of the new plants on Corpus Christi to be $4.8 billion during that same time.

Roland Mower, CEO of Corpus Christi's Regional Economic Development Corporation, responded to the good news: “Corpus Christi Regional Economic Development Corporation is pleased to welcome M&G Polymers to the Coastal Bend Region. They will be able to leverage superior logistics optionality and the many benefits of our industrial infrastructure.”

Construction time for both the PET and PTA plants is estimated to be 30 months. The engineering, project management, sourcing and construction management will be performed by Chemtex Global S.A., a subsidiary company of the M&G Group.

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 through its wholly-owned holding company Mossi & Ghisolfi International S.A. (M&G International). M&G International is presently the largest producer of PET resin for packaging applications in the Americas, with a production capacity in 2010 of approximately 1.6 million tons per annum.

Chemtex, the R&D and engineering arm of the M&G Group, has built the two largest PET plants in the world, both owned by M&G (Suape, Brazil, and Altamira, Mexico). Chemtex has wide EPC experience and has been involved in several PTA projects with different technologies.

Gruppo Mossi & Ghisolfi - M&G Group

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