Artenius' UK PTA site return may threaten Sines project: sources

摘要

London—The return of the Artenius purified terephthalic acid facility at Wilton will pose a serious challenge to La Seda de Barcelona's proposed Sines PTA facility in Portugal, according to a source close to the matter. The source said the Artenius facility, now known as Lotte Chemical UK, would tighten an already crowded NWE market and hamper prospects for the facility at Sines, a Portuguese town in the south of Lisbon. "If the market doesn't change in the next three to four years, there will be a bottleneck for market share in PTA," the source said. "It will be hard for Sines and other major PTA producers, and there will be a new Polish facility coming online soon." "There is space in this market for two or three players, not five," he added.