AbstractA series of poly(ethylene terephthalate)/multi‐walled carbon nanotubes (PET/MWCNTs) nanocomposites were prepared by in situ polymerization using different amounts of multi‐walled carbon nanotubes (MWCNTs). The polymerization of poly(ethylene terephthalate) (PET) was carried out by the two‐stage melt polycondensation method. The intrinsic viscosity (IV) of the composites is ranged between 0.31 and 0.63 dL/g depending on the concentration of the MWCNTs. A decrease of IV was found by increasing MWCNTs content. This is due to the reactions taking place between the two components leading to branched and crosslinked macromolecules. These reactions are, mainly, responsible for thermal behavior of nanocomposites. The melting point of the nanocomposites was shifted to slightly higher temperatures by the addition till 0.55 wt % of MWCNTs while for higher concentration was reduced. The degree of crystallinity in all nanocomposites was, also, reduced by increasing MWCNTs amount. However, from crystallization temperature, it was found that MWCNTs till 1 wt % can enhance the crystallization rate of PET, whereas at higher content (2 wt %), the trend is the opposite due to the formation of crosslinked macromolecules. From the extended crystallization analysis, it was proved that MWCNTs act as nucleating agents for PET crystallization. Additionally, the crystallization mechanism due to the existence of MWCNT becomes more complicated because two mechanisms with different activation energies are taking place in the different degrees of crystallization, depending on the percentage of MWCNT. The effect of molecular weight also plays an important role. © 2009 Wiley Periodicals, Inc. J Polym Sci Part B: Polym Phys 47: 1452–1466, 2009