M&G Group to build a PET and a PTA plant in Texas, US

13 September 2012 (Last Updated September 13th, 2012 18:30)

Polyethylene terephthalate (PET) producer M&G Group has announced plans to build a PET plant and a 1.2 million tonnes per year purified terephthalic acid (PTA) plant in Corpus Christi, Texas, US.

Polyethylene terephthalate (PET) producer M&G Group has announced plans to build a PET plant and a 1.2 million tonnes per year purified terephthalic acid (PTA) plant in Corpus Christi, Texas, US.

The new PET single-line plant, which will have an annual capacity of one million tonnes, will deploy similar technology to M&G's single reactor Suape PET plant in Brazil, including the company's EasyUp SSP technology.

The company has purchased land in Corpus Christi from the philanthropic organisation, The Robert Driscoll and Julia Driscoll and Robert Driscoll Jr Foundation.

Located on the northern side of the Viola Channel within the Port of Corpus Christi, the sixth largest port in the US in terms of tonnage, the land provides good access to rail and navigable water.

According to the Italy-based company, the Port of Corpus Christi is soon expected to expand as a major trade gateway for Mexico and Latin America with development of the La Quinta Container Terminal.

M&G Polymers Business Unit CEO Marco Ghisolfi said the synergies of the location, along with the size and integration efficiency of the plant, will further cut down logistic costs.

"I'm glad to have had the opportunity to personally reiterate to Governor Perry, during his recent visit to Italy, our commitment to Corpus Christi, Texas, for the world's largest PET integrated plant," Ghisolfi said.

Both the plants are expected to generate about 250 new jobs and an additional 700 indirect positions, while as many as 3,000 jobs will be created during construction.

M&G Group, which operates in the PET resin industry through its wholly-owned holding company Mossi & Ghisolfi International, has had a production capacity of about 1.6 million tonnes per annum during 2012.