Invista’s technology and licensing group, Invista Performance Technologies, and Hengli Petrochemical (Dalian) Co., Ltd. announced the successful start-up of Hengli’s fifth PTA line. Utilizing Invista’s industry leading P8 PTA technology, the fifth PTA line with a 2.5-million-ton/year capacity successfully started up on June 29, 2020. Hengli also operates another four PTA lines on the same site on Changxing Island (Dalian), all of which utilize advantaged PTA technology licensed from Invista, with a total capacity of 11.6 million ton/year. This makes Hengli the largest PTA producing site in the world. With integrated facilities and advantaged variable cost performance, Hengli’s PTA product is very competitive in the marketplace. IPT Vice President Adam […]

Indorama Ventures Public Co. Ltd. announced that it has, through its indirect subsidiary Indorama Netherlands B.V., signed a Conditional Share Purchase Agreement on August 3rd with O.R.V. Ovattificio Resinatura Valpadana S.P.A. and Opoka Ltd., to acquire a 100% equity stake of Industrie Maurizio Peruzzo Polowat spółka z ograniczoną odpowiedzialnością (IMP Polowat) of Poland. IMP Polowat consists of two production sites located in Bielsko-Biala and Leczyca, and processes post-consumer PET into recycled polyethylene terephthalate (rPET) flakes and pellets, with a combined capacity of approx. 27,000 ton/year, consisting of 23,000 tons rPET flakes and 4,000 tons of rPET pellets. These facilities will be an attractive recycling platform for IVL in Eastern Europe, […]