Indorama Ventures (IVL) is all set to invest $190m to build a new PET resin manufacturing plant at Decatur in Morgan County, Alabama, US.
Construction of the new facility, adjacent to the company's existing site on Finley Island Road near the Tennessee River, will commence in 2013 and is set for completion in the fourth quarter of 2015.
The plant, which will annually produce 540,000t of resin, will employ an additional 75 full-time workers, with the total number of employees on the site expecting to be nearly 200 once completed.
Alabama Governor Dr Robert Bentley, commenting on the project, said, "Indorama Ventures currently employs 112 at its original AlphaPet plant and chose to continue investing in Morgan County because of the success of its first plant and the relationship it has built with BP Chemicals, a major supplier of PTA to the company."
The Thailand-based company, which has added a recycling plant to its first AlphaPet plant, is able to recycle used PET bottles to produce a portion of its PET resin.
IVL employs new technology to produce PET, which uses less energy and water compared to a conventional PET facility.
IVL group CEO Aloke Lohia said the company decided to invest further in Decatur because of the infrastructure and convenience of the location.
"We have been in the USA since 2003 and today employ an American workforce of 1,073, nearly 700 of them in our PET business alone," Lohia said.
The recyclable PET uses minimum energy and water and has less impact on the environment, IVL claims.
IVL, with operations in 41 locations across four continents - Asia, Africa, Europe and North America - has over 60% of its business in the western hemisphere.
Image: IVL recycles used PET bottles to produce a portion of its PET resin; Photo: Courtesy of bplanet.