12 November 2015
Aloke Lohia
Group CEO of Indorama Ventures
ABOUT PIA, PURIFIED ISOPTHALIC ACID
PIA is an important part of the chemistry,
* half of which is used in the production of PET resin and
* half in important end uses, especially paints.
DETAILS
Indorama Ventures Public Company Limited (IVL)
announced that it has signed an agreement to purchase
* the Purified Isopthalic Acid (PIA),
* Polyethylene Terephthalate (PET) and
* Purified Terephthalic Acid (PTA) business of
Compañía Española de Petróleos S.A.U.
in Guadarranque-San Roque, Cadiz, Spain,
subject to necessary legal approvals.
Following the acquisition of Cepsa’s 600,000 tonnes Canadian
PTA assets in June 2015,
the new acquisition in Spain has
* 220,000 tonnes of PIA,
* 325,000 tonnes of PTA and
* 175,000 tonnes of PET capacity.
The site is one of the few integrated sites worldwide
that integrates PTA, PIA and PET where a third party refinery
is located at the same site to supply raw materials.
It is in line with
IVL's successful strategy of
* vertical integration,
* portfolio expansion and
* geographic diversification.
VIEW FULL PRESENATION : IVL ACQUIRES CEPSA SPAIN
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