06.11.2013 • News

La Seda Asset Sale Now in Progress

The disposal of assets belonging to insolvent Spanish PET producer has been approved by the Barcelona commercial court handling the proceedings. Authorities have now given the green light for liquidation of Artenius Espana at Barcelona; Industrias Químicas Asociadas (IQA) at Tarragona; Artenius Italia in San Giorgio di Nogaro, near Udine, Italy; and Artenius Turkpet in Adana, Turkey. The divestment process for PET recycler Artenius Green in Balaguer, Spain, is expected to begin shortly.

Artenius Espana has nameplate capability for 170,000 t/y of PET, while IQA produces PET starting materials ethylene oxide (EO) and monoethylene glycol (MEG). Turkpet produces 140,000 t/y of PET. Reports from Italy suggest that four potential buyers have been lined up for the Italian plant with a capacity for 100,000 t/y of PET.  

 

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Interview

The UK Chemical Supply Chain
Trade and Competitiveness

The UK Chemical Supply Chain

The CBA, led by CEO Tim Doggett, is steering the UK chemical supply chain through trade uncertainty, sustainability pressures and logistics challenges, as he explains in this interview with CHEManager.

Top-Feature

most read

Photo
News • Chemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.