1. Additional annualized capacity of 440,000 MTs now available in the European market.
2. Ouro Fina expands to include energy drinks. It has invested $880 k to expand its portfolio. New product is marketed under the name “Insane”. It is currently available in Parana and Santa Catarina and is to be launched in Sao Paulo Brazil
3. The restoration of PTA production at BP & PK Orlen’s, has worked towards alleviating the supply of PTA in Europe . However, the outage of Lotte Chemical’s has been a source of concern.
4. CQ PET (CEPSA), who has purchased Artenius San Roque PET plant, has restarted production on March 17th, and it now understood to be running at nameplate annualized capacity of 165 ktpa.
5. Additional online capacity of San Roque and Alconaphtha, at Kaliningrade, will allow for an availability of 344,000 MT’s of PET resin in Europe . It should be noted that 40% of Alconaptha’s capacity will be for local consumption.
6. Indorama has announced that it plans to build an additional 200ktpa PET plant in Europe at a brownfield location. The expansion is scheduled to be completed in 2013 and would take its regional capacity of 1.3 million tons.
7. The purchase of PTA/PET business of Eastman chemicals at Columbia SC , by DAK, Americas Columbia , SC. Kingsport TN.
8. Far Eastern New Century (previously Far Eastern textile) will set up a 60:40 JV with Sinopec yizheng Chemical fiber for 100 ktpa PTA project.
9. A planned turnaround at Ineos Antwerp has kept Ineos out of the spot market all year so far.
10. Selenis is expected to begin production at its facility in Montreal
11. SK Eurochem has been acquired by Indorama.
