Thailand-based Indorama Ventures will build a 220,000 tonne/year polyethylene terephthalate (PET) expansion project at its site in Wloclawek, Poland, the company told ICIS on Monday.
The project will raise PET capacity at the site, formerly owned by Poland-based SK Eurochem, to 360,000 tonnes/year, Indorama Ventures said. The project is expected to be completed in 2013, it added. The investment cost was not disclosed.
The company had been considering two locations for the project: either in Wloclawek or in Rotterdam, the Netherlands.
It originally announced plans in April to add 220,000 tonnes/year of PET capacity in Europe by 2013 but did not disclose further details.
Indorama Ventures intends to source purified terephthalic acid (PTA) feedstock from PKN Orlen’s new PTA plant, also in Wloclawek, which was officially opened last week.
Poland-based PKN Orlen revealed in February that it had agreed to deliver feedstock from the 600,000 tonne/year PTA plant to SK Eurochem.
Indorama Ventures completed the acquisition of PET producer SK Eurochem from South Korea’s SK Chemicals in March.