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Thai Indorama and India’s Dhunseri team up to acquire EIPET

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/06/2018 (19:42)
According to an announcement on the company’s website, Indorama Ventures Public Company Limited (IVL) has entered into a joint venture agreement with Dhunseri Petrochem Ltd. to acquire its Egyptian Indian Polyester Company (EIPET) plant.

Located in Ain Sokhna free trade zone in Egypt, the PET plant has a capacity of 540,000 tons/year and is among the largest PET capacities in the Middle East and Africa.

The statement revealed that the agreement will take affect immediately and Indorama Ventures Portugal PTA will ensure feedstocks for EIPET with short transit times. Restart activities for manufacturing recyclable PET has commenced while PTA will be shipped from IVL Portugal following the expected restart in early July. The acquisition of EIPET will increase Indorama Ventures’ global PET capacity by 10%.
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