(Sept. 13) – The Italian Group M&G, leading producer of PET for packaging applications in the Americas and the market’s technological leader, announces today that it has purchased the land in Corpus Christi, Texas where it will build its one million tons per year PET plant (2.2 billion pounds) and accompanying 1.2 million tons per year (2.6 billion pounds) PTA plant. The property has been purchased by the M&G Group from the philanthropic organization, The Robert Driscoll and Julia Driscoll and Robert Driscoll, Jr. Foundation. The land is conveniently located on the northern side of the Viola Channel within the Port of Corpus Christi providing good access to rail and navigable water. The new plants will generate approximately 250 new jobs. An additional 700 indirect positions are anticipated and as many as 3,000 jobs likely will be created during construction. The new PET single line plant will employ the same technology as M&G’s single reactor Suape (Brazil) PET plant, including M&G’s revolutionary EasyUpTM SSP technology. (red)
