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Indorama to acquire petrochemicals plant

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Hydrocarbon Engineering,

Indorama Ventures Public Company Limited (IVL) (Bangkok, Thailand), a global producer of polyethylene terephthalate (PET), related feedstocks and other materials seems to be doing incredibly well across North America. IVL has announced it has plans to acquire a 1.8 million tpy petrochemicals plant in Decatur, Alabama.

This follows on from a statement released in September, where Indorama announced it would acquire a dormant ethane cracker in Sulphur, Louisiana, and revive it through a US$175 million investment.

Adapted from press release byFrancesca Brindle

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