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Jiaxing again picks Invista technology for PTA line
28
Jul '15
After having chosen Invista technology for its first line, Jiaxing Petrochemical has again licensed Invista's latest P8 process technology for its second purified terephthalic acid (PTA) line.

“A subsidiary of Tongkun Group, Jiaxing Petrochemical's first PTA line, which is in operation since 2012, also utilises Invista's Performance Technologies (IPT),” Invista said in a press release.

Mike Pickens, IPT president said, “The signing of the second PTA line license agreement represents the latest milestone in our relationship with Jiaxing and Tongkun.”

“We are very appreciative of the trust that Jiaxing has placed in Invista, recognising that selection of industry-leading technology is critical for a good return on investment,” he added.

Xu, president at Tongkun Group, expressed his trust in the PTA technology by saying, “I look forward to cooperation between both sides to ensure successful project execution of the second PTA line.”

Jiaxing Petrochemical occupies an area of 670 acres and employs about 500 people and is located at Chemical New Material Zone, Zhapu Town, and the harbour side of Jiaxing City. (AR)

Fibre2Fashion News Desk - India

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