By the end of 2006, Brazil will boast of a PET capacity of 700,000 tpa, almost double the current domestic demand. This supply spike will be triggered by a world scale PET investment in the Pernambuco province in Brazil by Italy's M & G Group. This investment is anticipated to bridge the gap left by under-investment in the country's polyester industry that has forced Brazil to import the material at an ever increasing pace, creating a drain on monetary resources. The investment is also likely to enable Brazil to be a net exporter by the end of next year.
Italy's M&G Group is to follow up its world scale PET investment in Brazil with a plant to make a PTA, to ensure a steady supply of feedstock to its PET plant. The new PTA unit will employ the latest Invista technology and will have capacity of 750,000tpa. It is scheduled to come on stream early in 2008. Almost half of the output is likely to be used at the new 450,000tpa PET plant now under construction while the remainder will be available for other South American demand or for export.
08-Jun-05 
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