Make your products visible globally with Elite Membership.
I agree to the terms and conditions
Existing User?
Sign In with Email
Remember Me Forgot Password?
New User?
Enter your registered Email ID to get reset password.
Elite Member
Individual Register
MONTERREY, MEXICO: Alpek SAB de CV has signed an IntegRex PTA license agreement and a PTA-PET sourcing agreement with the M&G Group. M&G will license Alpek’s IntegRex PTA technology for the construction of its new integrated PTAPET plant in Corpus Christi, Texas (M&G Facility). In addition, Alpek will pay $350 million to M&G during the facility’s construction and will receive contractual rights to 400 thousand tonne of PET (made with 336 thousand tonne of PTA) per year from the M&G facility. Alpek will supply the raw materials for its portion of PTAPET under the agreement. M&G’s Corpus Christi site is currently expected to begin operations in 2016. Other terms and conditions of the agreement were not disclosed.
“The agreements signed with M&G reaffirm Alpek’s capabilities as a technology licensor and represent an important step forward to enhance our cost competitiveness in North America. We are convinced that the benefits of IntegRex, combined with the scale of the new integrated plant in Corpus Christi as well as the region’s attractive energy and logistics will comprise one of the most competitive cost structures for PTA and PET globally, which will allow us to better serve and grow with our customers,” said Jose de Jesus Valdez, CEO, Alpek.
© WOC News
Login
PARIS, FRANCE: Technip was awarded by PNBV (subsidiary of Petrobras SA) a substantial contract for the topside construction and integration, t ...
DAHEJ, INDIA: BASF has completed major construction work at its future chemical production site in Dahej, Gujarat, India. The site will employ around ...
MELBOURNE, AUSTRALIA: The Australian High Court made decision that SNF has infringed BASF’s Rheomax ETD patents and that those patents are val ...
DES PLAINES, US: UOP LLC, a Honeywell company, has been selected by Malaysia’s Petroliam Nasional Berhad (Petronas) to provide technology for ...
IRVING, US/JOHANNESBURG, SOUTH AFRICA: Fluor Corporation was awarded a front-end engineering and design (FEED) contract by South African Petroleum Ref ...
PASADENA, US: Jacobs Engineering Group Inc received a frame agreement from BASF Antwerp NV, part of BASF, to provide engineering services at BASF&rs ...
Stay updated with the latest chemical industry trends and innovations.
Verification Code has been sent to
Please enter the Verification Code below to verify your Email Address.If you cannot see the email from "noreply@worldofchemicals.com" in your inbox,make sure to check your SPAM Folder