Brazil Petrobrás Alpek – Brazil court approves Petrobras’ $385m sales to Alpek - Arhive
Brazil Petrobrás Alpek
A regional federal court in Brazil has given green signal for sale of petrochemical and textile divisions of Petróleo Brasileiro SA (Petrobras) for $385 million to Mexico based Alpek. Brazil Petrobrás Alpek
However, an injunction issued on January 31 blocked the divestment initiative of Petrobras, which is now overturned by the court.
Petroquimica Suape and Citepe operate an integrated PTA-PET facility in Brazil with an installed capacity of 700,000 and 450,000 tons per year of PTA and PET, respectively. Citepe also operates a 90,000 tons per year texturised polyester filament plant at the same site.Brazil Petrobrás Alpek
Alpek is an integrated producer of PTA and PET in North America, the largest expandable polystyrene manufacturer in the Americas, and the only producer of Caprolactam in Mexico, while also operating one of the largest polypropylene facilities in North America. (RKS)
Fibre2Fashion News Desk – India