Mossi&Ghisolfi Group announced last Wednesday a Licensee Agreement with Alpek, the largest petrochemical company in Mexico and the second largest in Latin America, for IntegRex PTA, Purified terephthalic acid, technology. The technology will be used in the construction of M&G’s previously announced 1,200,000 MT per annum PTA plant at Corpus Christi, Texas. M&G also announced, Alpek purchased for a price of $350 million a multiyear sourcing agreement covering rights 400,000 MT of PET, Polyethylene terephthalate, (made with 336,000 MT of integrated PTA) per year.

Continue reading →