´óÏó´«Ã½

Construction has been resumed in Corpus Christi, Tex. on what’s been dubbed the plastics “jumbo” project. Initiated by the now-bankrupt Italian company Mossi & Ghisolfi Group 10 years ago, the plant is currently owned by (CCP) and, when completed, will produce 2.4 billion lb/yr of PET and another 2.8 billion lb/yr of PET precursor purified terephthalic acid (PTA). This will reportedly make it the largest vertically integrated PET/PTA facility in the world.

CCP bought the plant in February 2019 and initially said it would would begin construction later that year, with a target start-up date of May 2020. However delays in the project and the onset of the pandemic put those plans on hold.

CCP is a partnership of Indorama Ventures PCL (subsidiary of Indorama Ventures Corpus Christi Holdings LLC); Alpek SAB de CV (subsidiary of DAK Americas LLC); and Far Eastern New Century (subsidiary of APG Polytech USA Holdings).

The plant is expected to generate up to 2400 jobs at peak construction.