A new 86,000 tpa of Polyethylene Terephthalate plant built by Indorama Group, the core investor in the Eleme Petrochemicals plant, is slated for inauguration in H2-2012. The plant is being built at a cost of US$300 mln.
"The Polyethylene Terephthalate plant will come on stream between April and May, 2012 when all regulatory procedures have been completed," Indorama spokesman was quoted to have said. "Production will serve all local demands first before any exports.” The Eleme plant currently produces 240,000 tpa of polyethylene and 95,000 tpa of polypropylene.
20-Mar-12 
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