Thai producer of polyethylene terephthalate (PET) Indorama Ventures Limited (IVL) has, through its joint venture (JV) with India’s Dhunseri Petrochem, agreed to buy a 540,000-tonne PET facility in Egypt. Located in Ain Sokhna, the facility is owned by Egyptian Indian Polyester Company (EIPET). The JV, formed in 2016, wants to revive the manufacturing of recyclable PET with…