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IVL and Dhunseri Petrochem have joined hands to restart PET plant

Published on June 15, 2018

Indorama Ventures Public Co Ltd (IVL) and India’s Dhunseri Petrochem have joined hands to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt.

A 50:50 joint venture was formed between IVL indirect subsidiary, Indorama Netherlands, and Dhunseri for the purchase of the PET plant of Egyptian Polyester Company SAE (EIPET), IVL said in a statement.

Restart activities for manufacturing recyclable PET has commenced and key raw material PTA [purified terephthalic acid] will be shipped from IVL Portugal soon after restart of Portugal PTA production anticipated in early July 2018. IVL and Dhunseri have an existing joint venture in India since 2016.

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