Home / Knowledge / News / Textiles / M&G plans US PET & Purified Terephthalic Acid plants
M&G plans US PET & Purified Terephthalic Acid plants
13
May '11
Gruppo Mossi and Ghisolfi, The M&G Group, the largest producer of PET for packaging applications in the Americas and the technological leader in that market, announced that it will build a next generation technology PET plant in the United States, co-located and fully integrated with a new PTA plant at the same site. Approximately 250 jobs will be created at the plants, with an additional 700 indirect positions and 3,000 jobs during construction.

PET, or polyethylene terephthalate, is a thermoplastic polymer resin used in the production of packaging for such products as soft drinks, pharmaceuticals, fresh and frozen foods and personal care products. PTA, purified terephthalic acid, is the primary raw material used in the production of PET.

The new PET single line plant will have a capacity of 1,000 kt/year (or approximately 2.2 billion lbs/year) and will employ, on a larger scale, the same technology (including M&G's revolutionary EasyUpTM SSP technology) as M&G's single reactor Suape (Brazil) PET plant which came on stream in Q1 2007 and has since been successfully debottlenecked to 650 kt/year.

The PTA unit will have a capacity of 1,200 kt/year (or approximately 2.6 billion lbs/year), and will provide full upstream integration for all of M&G's U.S. PET capacity. Two technologies, among the very few capable of delivering the required size, are at the final evaluation stage for this PTA plant, which will be the largest in the Americas and among the largest in the world.

The new plants will be located in the Southern U.S. and final candidates for selection have been reduced to sites in Texas, Mississippi and Louisiana. A final selection of the location and of the PTA technology is expected to be announced by the end of June and construction time for both plants is estimated to be 30 months.

"The technological breakthrough of scaling up M&G's proprietary technology to a one million metric ton single reactor has been available to us since the year 2007 when our investment plans were delayed by the financial crisis," said Marco Ghisolfi, CEO of M&G's Polymers Business Unit. "As a result of demand growth fully recovering in 2010 and of several plants in North America having closed or been sold over the past few years, the industry supply/demand balance has now been restored, creating room in the market for our new plant. We continue to believe that North American assets must be competitive in the global environment so we have decided to follow through with our original plan of leveraging our unique proprietary PET technology and to enhance the plan implementation with the additional benefits of efficient upstream integration now being offered by the latest generation PTA technologies.

"Our PET technology, which allows us to build plants over four times larger than those achievable with commercially available technologies, can today be combined with PTA plants with matching sizes and efficiency. This formidable combination, and the flexibility of its assets, will enable M&G to cost effectively service future industry growth and to have by far the most competitive cost base not only in the Americas but globally."


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search