Invista’s technology and licensing group, Invista Performance Technologies (IPT), and Fujian Billion Petrochemicals, have signed an agreement to license Invista’s latest purified terephthalic acid (PTA) process technology for a new PTA line. Fujian produces petroleum and petrochemical products. Invista develops chemical intermediates, polymers, and fibres.
The PTA line will have a design capacity of 2.5 million metric tonnes per year and will be installed in Fujian Province, China. A kick-off meeting was successfully held in the week of August 13, 2018. The targeted project start-up date would be in August 2020.
“We are honoured that our advanced, industry-leading P8 technology has been selected. Our demonstrated ability to deliver a fast schedule and the fact that our technology is proven were key factors in our selection. This represents a new chapter for deployment of Invista’s P8 PTA technology aimed at creating competitive advantage for our global customers,” Mike Pickens, IPT president said in a press release. (GK)
Fibre2Fashion News Desk – India