IVL Starts Operations At New Nigeria Plant Africa Becomes The Latest Continent For Thailand's Global PET Giant
Indorama Ventures Public Company Limited (IVL), the world's leading vertically integrated Polyester Value Chain producer, has commenced operation of its new 75,000 tonne per annum PET Solid State Polymerization (SSP) facility in Port Harcourt, Nigeria. The facility produces bottle grade PET chips through Solid State Polymerization, the second stage of the PET production process after the initial chips formed by a polycondensation process, which can be sourced from the company's facilities in Asia or Europe and shipped to Nigeria for final processing.
Nigeria has an estimated demand of approximately 53,000 tonnes of PET in a country of approximately 120 million people and is one of the fastest growing economies in Africa. Port Harcourt is a port town in Southern Nigeria that is the center of the country's large oil and petrochemicals industry.
The plant, which utilizes state-of-the-art Buhler SSP technology from Germany, is the first PET plant in West Africa and provides IVL with the ability to serve its major customers with global service on four continents.