Eco-polymers plans capacity upgradation at estimated investment of €75 mln

Eco-polymers plans to upgrade capacity at its Etna plant at an estimated investment of €75 mln. Eco-polymers started successfully production of Purified Terephthalate Acid (PTA) and Polyethylene Terephthalate (PET) from its modernized plants in Etna, Italy; that increased the company's production of Amorphous Polyethylene Terephthalate (APET) from 113,000 tons to 175,000 tons, and PET production from 113,000 tons to 158,000 tons. The Italian Government has contributed 50% of the amount to convert the plant to one of Europe's lowest in terms of production cost. This was achieved through using a manufacturing technology similar to the one used at its German plant, using continuous polymerization technology that is more energy efficient than the older technology.
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