January 9, 2019 / 9:23 PM / 14 days ago

Mexico's Alpek to purchase PET recycling plant in Indiana

MEXICO CITY, Jan 9 (Reuters) - Mexican petrochemical company Alpek, a unit of conglomerate Alfa, 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. (Reporting by Anthony Esposito; Editing by Daina Beth Solomon)

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