Mexico’s Alpek to purchase PET recycling plant in Indiana

Industry:    2019-01-10

Mexican petrochemical company Alpek (ALPEKA.MX), a unit of conglomerate Alfa (ALFAA.MX), said on Wednesday it had agreed to purchase a PET recycling plant in Richmond, Indiana from Perpetual Recycling Solutions, LLC.

The transaction is expected to close in the first quarter of 2019, Alpek said in a statement, without providing further details. The plant has a capacity of 45,000 tonnes per year.

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