M&G to build world scale PTA plant in Pernambuco

07 Dec '06

2 min read

Gruppo Mossi & Ghisolfi (M&G) announced that its Board has approved plans to invest in the construction of a new, world scale PTA plant in the State of Pernambuco (North Eastern Brazil) where M&G is now building the new 450 kt/year PET plant announced at the end of last year.

The PTA plant will have a capacity of 750 kt/year and it will employ new generation Invista technology.

Key equipment orders are expected to be placed by June 30th 2005 and the plant is planned to come on-stream early in Q1, 2008.

M&G plans to use approximately half of the PTA capacity to supply its new PET plant. The rest of the PTA capacity will be made available to satisfy existing PTA requirements of other companies in South America and potential additional demand arising from new fibre projects (POY, textile and industrial yarn) which are being planned by third parties in Brazil.

Any remaining excess will be exported to markets outside South America.

Marco Ghisolfi, CEO of M&G's Polymers Business Unit said, “This new investment demonstrates M&G's commitment to continue to provide the polyester chain with state of the art technology and with the lowest cost industry solutions."

"I am also glad to confirm our commitment to Brazil by further contributing to the development of the State of Pernambuco and by making available to the country the raw material base that will enable others to build large polyester fibre projects resulting in the creation of additional new jobs in Brazil”.

More Gruppo Mossi & Ghisolfi News... More Textiles News - Italy...