• The stated purpose of the second pause was to give the owner time to re-work project finances. [...] • Since the last pause – financial conditions for the project have deteriorated and the pause has lasted almost one year. [...] • The project faces a series of significant risks that indicate if the plant is completed and opened, it will do so to a troubled market. [...] What will be the new terms of the joint venture? Would the same three partners be involved? 5. [...] What is the current status of all of the tax breaks? Is the company in compliance with its agreements? 11.
Authors
- Pages
- 20
- Published in
- United States of America
Table of Contents
- Corpus Christi Polymers PET Resin Plant “Pause” approaches one-year anniversary 1
- Slide Number 2 2
- Slide Number 3 3
- Ongoing risks combine to undermine project viability 4
- Slow GDP growth outlook = Lower PET demand 5
- Low Prices Harm Project Viability 6
- Future prices modest increase from 68-72 cents per pound. (Weak outlook = poor prospects for new plant) 7
- Rising Construction Prices: Cause of latest pause, along with labor and interest rates 8
- Recycling is PET’s future: No other new PET plants expected in U.S. 9
- Alpek says plant has no value! 10
- Slide Number 11 11
- Slide Number 12 12
- Credit agencies warn about oil/gas/petchem new plants 13
- Slide Number 14 14
- CC Polymers receives tax breaks 15
- Tax Breaks 16
- Questions 17
- Sources and Notes 18
- Slide Number 19 19
- Thank you 20
