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Mexico's Alpek to purchase PET recycling plant in Indiana

MEXICO CITY (Reuters) - Mexican petrochemical company Alpek ALPEKA.MX, a unit of conglomerate Alfa ALFAA.MX, 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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