On 1 July 2010, a joint venture between Indorama (Bangkok / Thailand; www.indoramaventures.com) and power plant operator Ottana Energia (Ottana / Italy; www.ottanaenergia.com) officially took over Equipolymers’ (Dubai / UAE; www.equipolymers.com) polyester complex in Sardinia – for most recent coverage, see Plasteurope.com of 26.03.2010. The site includes a 192,000 t/y PTA and a 150,000 t/y PET line.

Indorama says the acquisition means it will be better positioned to deliver its goods to southern Europe and the Mediterranean. The Indonesian PET giant’s plants in The Netherlands, UK and Lithuania mostly cover the northern European market– see also Plasteurope.com of 29.06.2010. The Ottana plant will fall under the jurisdiction of Indorama Ventures Belgium.

Commenting on the sale, whose price tag was not disclosed, Equipolymers CEO and president Ramesh Ramachandran said it would allow his company, a joint venture between Dow Chemical (Midland, Michigan / USA; www.dow.com) and PIC (Sabahiya / Kuwait; www.pic.com.kw), to focus on its PET production in Schkopau / Germany.