Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico; www.alpek.com) announced that one of its subsidiaries has signed an agreement with Perpetual Recycling Solutions LLC to acquire a polyethylene terephthalate (PET) recycling plant in Richmond, Indiana. The Perpetual PET recycling plant has an installed capacity to produce approximately 45,000 tons per year of high-quality recycled PET flake. The acquisition will complement Alpek’s food-grade recycling PET operations in Argentina and its fiber-grade PET recycling joint venture in Fayetteville, NC. Closing of this transaction is expected during the first quarter of 2019, subject to customary terms.
Alpek to acquire PET recycling plant in Indiana
| By Mary Bailey