Indorama Ventures Public Company Limited, one of the leading petrochemical producers, has successfully completed capacity expansionn of its Purified Terephthalic Acid (PTA) plant, resulting in the total PTA capacity of 700,000 tonnes per annum at Rotterdam.
Aloke Lohia Group CEO of Indorama Ventures said that with this low cost proven technology and nearly double the PTA production capacity, the expansion will bring cost synergies to the site. The Rotterdam facility is well positioned to support the continued growth as its location allows access to the whole of Europe.
Currently, the Rotterdam facility produces 380,000 tonnes per annum of PTA which is entirely used as a major feedstock of the siteâ€™s integrated Polyethylene Terephthalate (PET) production, a recyclable packaging material. The expanded plant is undergoing final stages of start-up with expected commercial production in middle August 2017.
This additional production will replace purchased PTA and significantly improve European profitability. They now look forward to the start-up of their gas cracker in Louisiana, USA in end of the year. These two landmark projects will enhance earnings and the competitiveness of IVL substantially.
Indorama Ventures Public Company Limited have a global manufacturing footprint across Africa, Asia, Europe and North America. The companyâ€™s portfolio comprises Necessities and High Value-Added (HVA) categories of polymers, fibres, and packaging, selectively integrated with self-manufactured ethylene oxide/glycols and PTA.
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