Indorama Ventures mulls plans to debottleneck Spanish plant after takeover

Thailand's Indorama Ventures (IVL) is considering plans to debottleneck a plant belonging to its newly acquired Spanish subsidiary, as per company sources in Platts. IVL took control of Cepsa Spain, effective April 7, and renamed it Indorama Ventures Quimica. The wholly owned Spanish subsidiary, located at Guadarranque-San Roque, Cadiz, produces 220,000 mtpa of purified isopthalic acid, 175,000 mtpa of polyethylene terephthalate and 325,000 mtpa of purified terephthalic acid. "Our Spanish assets will complement Indorama Ventures' existing portfolio in Europe with consolidation of PTA and PET assets and with addition of PIA, a high value-add business. We see some debottlenecking opportunities at the plant that will increase efficiency," Aloke Lohia, IVL's group CEO, said. He did not disclose further details about the debottlenecking plan.
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