M&G signs EPC Contract with Sinopec Engineering for construction of Corpus Christi plants
The M&G Group (M&G, www.gruppomg.com), one of the three leading producers in the Americas of PET for packaging applications, announces that it has signed a one billion dollar engineering, procurement and construction contract (EPC Contract) with Sinopec Engineering (Group) Co., Ltd. (SEG) for the turnkey construction of the world’s largest single line PET plant with a capacity of 1 million tons per year (2.2 billion pounds), integrated with the largest western world’s single line PTA plant with a capacity of 1.2 million tons per year (2.6 billion pounds). The plan will be located in Corpus Christi, TX.
M&G’s engineering arms, Chemtex Global S.à r.l. and M&G Finanziaria S.r.l., will provide critical equipment and services on a subcontracting basis to turnkey contractor SEG.