Indorama Polymers plans to expand PX capacity

16-Feb-09

Thailand’s Indorama Polymers plans to ramp up production at its capacities as petrochem demand picks up in Asia. As buyers return to the markets, availability of paraxylene (PX), feedstock for Purified Terephthalic Acid (PTA) seems to restricted, spiking prices by over 300 dollars to US$950/MT. No sooner than than PX supply returns to normalcy, the Thai major plans to ramp up capacity at its 640,000 tpa PTA plant in Thailand from the existing levels of 90%.