Texas PET project expected to be completed in coming months

Mexican polyester producer Alpek said on its third-quarter earnings call that the company and its joint venture partners expect to focus on reviving its PET project in Texas within the next two to three months.
Building to make decisions
.

Alpek is developing the Corpus Christi project with Indorama Ventures and Far East New Century
.
The three companies have equal stakes in the joint venture called Corpus Christi Polymers (CCP)
.

The project will produce PET and raw material PTA
.

Alpek said the partners are very eager to move forward with the project
.

PET resins can be broadly classified as bottle grade, fiber grade or film grade, named according to the downstream application
.
Bottle-grade resin is the most commonly traded form of PET resin, used in bottle and container packaging by blow molding and thermoforming
.
Fiber-grade resins are used to make polyester fibers, while film-grade resins are used in electrical and flexible packaging applications
.