Home / Knowledge / News / Textiles / Samsung Petrochemical, PSE collaborate on PTA optimization
Samsung Petrochemical, PSE collaborate on PTA optimization
17
Jan '09
Samsung Petrochemical Company (SPC) the leading Korean producer of purified terephthalic acid (PTA) and Process Systems Enterprise (PSE) providers of gPROMS modeling technology and process optimization services, have signed an agreement for joint development of new high-performance technologies for PTA production.

Under the agreement, PSE's advanced model-based optimization techniques will be combined with SPC's PTA process know-how and expertise to develop a range of advanced process optimization services to be offered to PTA manufacturers around the world. PSE's technology and expertise will also be applied to accelerate the development of SPC's brand new high-performance PTA Process, optimizing its performance and commercial advantage.

SPC is already a leader in PTA manufacture, with the lowest capital and variable costs of all the major processes licensors. The new developments will aim primarily at reducing operating costs and improving product quality, providing clear advantages over other licensed processes on the market.

Based on its gPROMS advanced process modeling software, PSE has developed a comprehensive range of Model-Based Innovation (MBI) methodologies and services that are used throughout the chemical, petrochemical, food and pharmaceuticals sectors to accelerate innovation, optimize complex processes and generate intellectual property.

Mr. T.H. Her, President of SPC, said, “We aim to strengthen the distinctive technology differentiators for SPC's PTA processes by using the most advanced methods available to optimize design and operations. We are very pleased to be able to announce this agreement as a key step in this strategy.” Mr. S.H. Park, Managing Director of SPC, adds “We chose to work with PSE because of the comprehensive set of industry-tested techniques that they bring to PTA process optimization, and the high level of expertise and experience of their core personnel.”

PSE Managing Director Prof. Costas Pantelides says, “Our MBI technology has already been applied successfully to a number of PTA processes, delivering outstanding results, particularly in terms of significant reductions in operating cost achieved with minimal capital expenditure. With agreement, we are taking a major step towards making these benefits available to the PTA industry worldwide. We are extremely pleased to work with SPC, a company with over three decades of experience in the market and a very strong engineering capability and technical reputation, to help our clients achieve a step-change in PTA process performance. We look forward to a long and successful collaboration.”

Samsung Petrochemical Company (SPC)

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search