On 29 November 2017, PET world market leader Indorama Ventures (IVL, Bangkok / Thailand; www.indoramaventures.com
) completed the acquisition of Artlant PTA (Sines / Portugal; www.artlantpta.com
â" see Plasteurope.com of 15.11.2017
). This was revealed in a stock exchange announcement.
According to PIE's Polyglobe database (www.polyglobe.net
), Artlant's plant in Silves / Portugal has a production capacity of 700,000 t/y of PTA. IVL has additional plants in Europe for the PET precursor, in Rotterdam / The Netherlands, (700,000 t/y) and San Roque / Spain (480,000 t/y). With total capacity now at around 5.4m t/y of PTA, IVL continues to be number two worldwide behind BP (London / UK; www.bp.com
) with a capacity of 7.5m t/y.