MOOSCOW (MRC) -- Selenis has acquired specialty PET resin production in North Carolina, said the company.
The batch production lines purchased by Selenis in Fayetteville, NC have an annual production capacity of 55 million pounds. They are used to manufacture Glycol Modified PET (PETG).
In a press release, Selenis officials said that given the continued development and growth of the North American market, the company “continues to pursue its expansion plans towards local production.”
“Our goal is always to take care of our employees, our customers and our shareholders,” said CEO Duarte Matos Gil. “This new agreement will help us expand the geographic and industry reach of our products.”
Officials added that Selenis is “very focused” on sustainability, centering its innovation on developing products with up to 50 percent recycled content and fully recyclable PET solutions. The company’s advances in molecular recycling “transform waste into the building blocks of their specialty resins, helping to fight climate change.”
Earlier this year, Selenis renewed its Recyclass certifications for the traceability of recycled content. The certifications attest to the use of 30 percent and 50 percent post-consumer recycled content in the company’s Eco Resins that it commercialized in 2019.
Also read: Selenis buys DAK's PET resin manufacturing facility in North Carolina.
We remind, Alpek, Indorama and FENC announced earlier that Corpus Christi Polymers (CCP) will resume construction on the facility in August. The plant is expected to begin production of polyethylene terephthalate (PET) and purified terephthalic acid (PTA) in early 2025. Construction of the state-of-the-art plan is resuming following a period of pandemic-related disruptions.
Based in Portalegre, Portugal, Selenis manufactures specialty polyester, PET and copolyester resins. The company is owned by the investment firm IMG Group from Porto, Portugal. IMG also owns global polyester film manufacturer Evertis and is a 50:50 partner with Mexico’s Alpek Group in a PET bottle resin plant in Montreal.
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