Indorama completes acquisition of BP Alabam Petrochem Complex

Indorama Ventures Public Company Limited (IVL), a world-leading producer of intermediate petrochemicals, completed the acquisition of 100% of the PX, PTA (1,020,000 tonnes) and NDC (naphthalene dicarboxylate) assets of BP Amoco Chemical Company (BP) at Decatur, Alabama, on 31 March, said IVL in its press release.

The acquisition is situated adjacent to the companies AlphaPet PET plant and has been its main supplier of PTA since the factory was commissioned in 2009.

Mr. Aloke Lohia, Group CEO of Indorama Ventures Public Company Limited said, "This acquisition is a major coup for the company as it brings us competitive feedstock security with scale advantages, technology ownership and innovative products which our customers can rely upon. The Decatur site and its people are a good fit for us and we have together worked for many years and we admire their professionalism and experience.

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