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Spain’s Cepsa closes sale of Canadian PTA plant to Indorama

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/06/2015 (10:31)
According a press release on the company’s website, Spain’s Cepsa has completed the sale of its PTA plant in Montreal, Canada to Thailand’s Indorama Ventures. Cespa’s Montreal plant is the only PTA manufacturing facility in Canada and has an annual production capacity of 600,000 tons/year. The transaction was closed after receiving the necessary regulatory approvals.

Cepsa stated that the sale would allow them to focus its plans on those markets where they have a strong presence and ability to develop to their full potential assets such as its phenol, acetone and LAB/LABSA businesses in Spain, Canada, Brazil, China, and Indonesia. Meanwhile, the purchase of the Canadian PTA plant will enable Indorama to provide PTA integration to the company’s existing PET and fibers assets in the North America.
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