Petrochemical | December 11, 2025
Alpek seals merger with Controladora Alpek, streamlining market presence
Controladora Alpek has been dissolved and delisted from the Mexican Stock Exchange,
Controladora Alpek has been dissolved and delisted from the Mexican Stock Exchange,
This decision is aligned with Alpek’s long-term strategy to optimize its global footprint and focus on its more competitive and scalable assets
The loan incorporates a pricing mechanism that incentivizes improvement in two of the company’s key ESG target
The site was built in the early 1970’s, has an installed capacity of 170,000 tons of PET Resin, and represents approximately 2% of Alpek’s total assets.
This acquisition forward-integrates Alpek into the high-value PET sheet business segment, closes the gap towards achieving its ESG goals, and enhances its ability to serve its customers’ growing PET resin needs
Volume remained high at 1.2 million tons during 4Q, matching record annual levels of 4.8 million tons.
Alpek will purchase 100% of Octal’s shares for U.S. $620 million on a debt-free basis.
This acquisition is fully aligned with the Fostering a Circular Economy pillar of the Company’s long-term strategic growth plan
The sale of its expandable styrenics business is an important step in Nova Chemicals’ plan to focus on its olefin and polyethylene business, which includes additional investments to advance a global circular economy for plastic.
NOVA Chemicals has agreed to sell its expandable styrenics business to a subsidiary of Alpek.
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