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First North American PTA plant in Montreal.

Quebec Premier Jean Charest inaugurated Interquisa as Canada's first North American petrochemical plant, built in the industrial zone of Montreal's East End. The Interquisa Canada plant produces purified terephthalic acid (PTA). The facility is capable of producing 500 kilo-tonnes per year of PTA. The chemical is used as a raw material in the production of PET soft drink containers, polyester film for audio and video tapes, and synthetic resins used in various types of paints and textiles. Output will be marketed in North America.

Jointly owned by Interquisa, a subsidiary of the Spanish group, Compana Espanola de Petroleos SA (CEPSA), and Societe generale de financement du Quebec (SGF), Interquisa Canada represents an investment of over $800 million and ranks among the three largest industrial projects in Quebec in the past few years. Investissement Quebec also contributed $50 million under the FAIRE program.

The new Interquisa plant allowed the reopening of the Coastal facility, which produces paraxylene, the raw material for PTA. "We are especially proud to note that the Interquisa Canada plant is the driving force of the industrial recovery of the petrochemical sector in Quebec," says Carlos Perez de Bricio, Chair of the board of directors and president and CEO of CEPSA.

Although Interquisa has been producing PTA for over 25 years, its facilities are located in Spain. The Montreal plant is the first production facility for CEPSA outside of Europe

Camford Chemical Report
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Comment:First North American PTA plant in Montreal.
Publication:Canadian Chemical News
Article Type:Brief Article
Geographic Code:1CQUE
Date:Mar 1, 2004
Words:235
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