23 March 2015
VIEW INDORAMA VENTURES FY 2014 PRESENSTION
CEPSA Chimie Montréal s.e.c
is the largest and the only PTA manufacturing facility
in Canada with an annual capacity of 600,000 Mts. and
one of the three merchant PTA producers in North America.
ABOUT PTA
Purified terephthalic acid, or PTA,
is an inert, stable solid
in the form of fine, white crystalline powder
obtained from a series of chemical conversions
from raw petroleum.
PTA is produced by oxidation of p-xylene,
a petroleum by-product, using
acetic acid and catalysts.
The resulting product appears
as a crystalline substance,
which is then filtered, purified, dried and stored.
The main equipment used to produce PTA includes
reactors, pumps, heat exchangers, crystallizers, agitators
and storage tanks.
PTA is used to produce PET,
a polymer obtained through the polycondensation of
terephthalic acid and ethylene glycol.
PET is considered to be a type of refined petroleum.
When rapidly chilled to very low temperatures,
it becomes an amorphous, transparent substance
which is then pressed, cooled and cut into pellets.
It is then used to manufacture
a variety of products we use every day, such as
recyclable bottles, bank cards,
stuffing material for cushions, textile fibres and
oven-safe containers.
DETAILS
Indorama Ventures Public Company Limited (“IVL”)
would like to inform that Indorama Netherlands B.V.,
a fully owned subsidiary of IVL
has signed a share purchase agreement
to acquire a 100% stake in the PTA business of
CEPSA Chimie Montréal s.e.c
in Montreal, Canada from
* Cepsa Química SA, wholly-owned affiliate of Cepsa, and
* IQ CHIMIE INC., a subsidiary of Investissement Québec.
The acquisition is in line with IVL’s strategy
to expand in its core businesses and
will provide PTA integration
to the Company’s existing PET and Fibers assets
in the region and secure feedstock supplies.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
