Thailand’s Indorama to buy Cepsa Spain’s PTA, PET business
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, Thailand’s Indorama Ventures has reached an agreement with Spain’s Cepsa for the acquisition of Cepsa affiliate Cepsa Quimica’s PET and PTA businesses in San Roque, Spain. The transaction is subject to regulatory approvals and is expected to be completed in the first half of 2016.
Cepsa Quimica has a 175,000 tons/year PET plant and a 325,000 tons/year PTA plant at San Roque.
In early June, Thailand’s Indorama also had completed the acquisition of Cepsa’s PTA plant in Montreal, Canada. Cespa’s Montreal plant is the only PTA manufacturing facility in Canada and has an annual production capacity of 600,000 tons/year.
Cepsa Quimica has a 175,000 tons/year PET plant and a 325,000 tons/year PTA plant at San Roque.
In early June, Thailand’s Indorama also had completed the acquisition of Cepsa’s PTA plant in Montreal, Canada. Cespa’s Montreal plant is the only PTA manufacturing facility in Canada and has an annual production capacity of 600,000 tons/year.
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