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It is reported that Indorama of Thailand stated that the company has completed the previously announced purchase of BP's petrochemical plant in Decatur, Alabama, USA on March 31
.
The plant is designed to produce 1 million tons of purified terephthalic acid (PTA) and 720,000 tons of p-xylene per year
.
BP Decatur Petrochemical Plant is also the world's only commercial production base of naphthalene dicarboxylic acid, which is an intermediate for the production of polyethylene naphthalate polyester and resin
.
Indorama said that the acquired assets are close to Indorama's AlphaPet polyethylene terephthalate (PET) plant in Decatur, which is its main PTA supplier
.
The acquisition was announced in January this year, but the specific financial terms were not announced
.
.
The plant is designed to produce 1 million tons of purified terephthalic acid (PTA) and 720,000 tons of p-xylene per year
.
BP Decatur Petrochemical Plant is also the world's only commercial production base of naphthalene dicarboxylic acid, which is an intermediate for the production of polyethylene naphthalate polyester and resin
.
Indorama said that the acquired assets are close to Indorama's AlphaPet polyethylene terephthalate (PET) plant in Decatur, which is its main PTA supplier
.
The acquisition was announced in January this year, but the specific financial terms were not announced
.