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M&G to invest $1 billion in PET and PTA plants in USA The Italian company Mossi & Ghisolfi Gruppo (M&G Group) made the final investment decision (FID) for to build a greenfield polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plants in Corpus Christi in Texas, USA. M&G Group is a wholly owned family company with […]

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Vietnam Oil & Gas Group completed preparation work PetroVietnam‘s Chairman , Mr Phung Dinh Thuc confirmed during a visit on the site of the Nghi Son refinery project that the preparation work was completed in October 2012 so that the construction could start in 2013. The Nghi Son Refinery and Petrochemical LLC (NSRP) is a […]

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Largest petrochemical company in Russia and CIS The Siberia Urals Petrochemical Company (SIBUR) was established by Decree as a joint-stock company in 1992. SIBUR was formed from multiple entities processing oil, gas and petrochemicals across Russia. In 2001, SIBUR was taken over by Gazprom to resolve debts reorganize the company. In 2008, Gazprom considered the petrochemical […]

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Oman prepare series of projects for PTA,PET and PIA The national oil company Oman Oil Company (OOC) and its 92% subsidiary Takamul Investment Company (Takamul) presented a program of new projects covering the petrochemicals, metals and mining sectors. OOC, as a wholly-owned company by the Government of the Sultanate of Oman is investing in the […]

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Top brands to develop 100% plant-based PET (BioPET) June 2012, the Coca-Cola Company (Coca-Cola), Ford Motor Company (Ford), H.J. Heinz Company(Heinz), NIKE, Inc. (Nike) and Procter & Gamble (P&G) created the Plant PET Technology Collaborative (PTC). Already December 2009 had marked game changing by Coca-Cola launching its innovative PlantBottle™ package. With the 30 percent mono-ethylene glycol (MEG) portion […]

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Indian polyester leader Polyplex selects Turkey for expansion  Polyplex Corp. of India,  is the fourth largest producer of polyester film in the world. Polyplex and the Investment Support and Promotion Agency of Turkey (ISPAT) have jointly announced the decision for Polyplex to select Turkey to support its global expansion in to produce polyethylene terephthalate (PET). […]

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