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CORPUS CHRISTI - The U.S. Environmental Protection Agency (EPA) has issued two final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permits to M&G Resins, to build a new chemical process plant and utility support facility.

M&G Resins plans to build a new polyethylene terephthalate resin manufacturing complex along with a collocated combined support system for heat and power utility generation.

The support system will be used for steam and electrical demands. The project will emit up to 1.2 million tons of CO2 annually.

The additions will bring over $1 billion in capital investments, create 3,000 construction jobs, 250 long-term operations jobs and 700 support positions in the local area.

Source: EPA