JBF INDUSTRIES

Ambitious PET group collapses / GAIL takes over in India / Fate of Belgian plants unknown

PET

Global consolidation gathers speed after many years of overcapacities / Margins already on the up / Switch to more virgin material in China as "collateral damage" from new recycling policy

CC POLYMERS

Court approves PET jv of partners Alpek, Indorama and Far Eastern in Corpus Christi

MOSSI & GHISOLFI

Creditors Indorama, Far Eastern and Alpek to buy Corpus Christi PET plant / Consortium will pay USD 1.1 bn / Deal includes intellectual property

MOSSI & GHISOLFI

Alpek provides credit for Altamira PET plant / Second lien / Feedstock unpaid

NOVAMONT

Upgraded “Origo-Bi” biopolyester plant in Italy to start in Q1 2018 / Output doubled to 100,000 t per year

M&G CHEMICALS

US subsidiary enters Chapter 11 / Worldwide production halted / Follow-up

M&G CHEMICALS

Italian PET group in great difficulty / US subsidiary collapsing due to liquidity problems / Production stopped / Construction work in Corpus Christi also halted

M&G CHEMICALS

Increase in PET capacity at Corpus Christi plant / Total output to reach over 1.1m t/y

PET

US authorities investigate alleged dumping practices from Canada, China, India and Oman / Initial probe results to be published in August

M&G CHEMICALS

PET group receives USD 300m capital injection / TPG investor acquires minority stake