Satisfy growing customer demand

Monterrey, NL, Mexico. July 18, 2022 – Alpek, SAB de CV (“Alpek” or “the Company”) announced today that Corpus partners Christi Polymers LLC (“CCP”) will resume construction of the PTA-PET integrated plant in Corpus Christy, Texas. CCP will operate as an independent toll company where each of the three partners: DAK Americas LLC, an Alpek Polyester business, and an Alpek subsidiary, Indorama Ventures Corpus Christi Holdings LLC, an Indorama Ventures subsidiary, and APG Polytech USA Holdings, Inc, a subsidiary of Far Eastern New Century, will source its own raw materials and each will receive one-third of the PTA and PET produced at the site to sell and distribute independently.

CCP will restart construction of the facility in August 2022 and is expected to be completed in early 2025. It will have an overall annual capacity of 1.1 million tonnes and 1.3 million tonnes of PET and PTA respectively, meaning that Alpek would have around 367,000 tonnes of PET and 433,000 tonnes. tons of PTA capacity. CCP expects to have the most competitive state-of-the-art facility in the Americas, utilizing Alpek’s proprietary IntegRex® technology for PTA, among others. The strategic location on the US Gulf Coast will facilitate competitive raw material sourcing and distribution costs, as well as scalability across Alpek’s sites in the Americas. In addition, the vertical integration of PTA and PET will ensure optimized production.

“We are delighted to resume construction of Corpus Christi Polymers,” said José de Jesús Valdez, CEO of Alpek. “We are confident that once CCP’s construction is complete, its strategic location and state-of-the-art technology will allow us to support our customers and meet their growing needs.”

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Alpek SAB de CV published this content on July 18, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jul 18, 2022 3:03:04 PM UTC.