Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Textiles / OMPET licenses BP PTA technology for 1.1mn tons/year plant
OMPET licenses BP PTA technology for 1.1mn tons/year plant
03
Sep '15
BP and Oman International Petrochemical Industries Company (OMPET) have entered into a licensing agreement for BP's latest generation purified terephthalic acid (PTA) technology.

OMPET intends to build a 1.1 million tons per annum unit at Sohar, Oman, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.

“This is the first license for BP's PTA technology in the Middle East which is an important and strategic region for BP,” the company said in a press release.

Nick Elmslie, chief operating officer, BP Petrochemicals said, “This is a testimony to the advantages of BP's technology and to BP's extensive experience as a PTA producer.”

BP will provide a wide range of technical and knowledge transfer services as well as a commitment to assist Omani staff within the OMPET joint venture.

The front end engineering design (FEED) package for the licence has been completed and delivered to OMPET on schedule.

“I am very proud that OMPET has chosen BP's PTA technology and we look forward to a long standing relationship between our companies,” said Daniel Leonardi, vice president, technology and licensing, BP Petrochemicals.

“Our PTA technology has significantly lower capital and operating costs when compared with conventional PTA plants and the technology is more energy efficient, uses less water, and produces less solid waste,” he added.

“We continue to invest heavily in our proprietary technology and this will maintain BP's PTA technology as the global leader and as the technology of choice for the future,” Leonardi informed.

He further added, “Innovations in the technology will continue to be developed and implemented and these will be available to our licensees, including OMPET.”

BP's global petrochemicals business has total net capacity at 18 locations in ten countries of 18.3 million tons per annum including 6.7 million tons per annum of PTA.

BP is one of the world's largest oil and gas companies, serving millions of customers every day in around 80 countries, and employing around 85,000 people.

BP's PTA technology was originally developed in the USA during the 1950s and through successive iterations has continued to improve in terms of its capital and operating costs.

BP's latest iteration of PTA technology is in use at the BP Zhuhai joint venture in China and has been licensed to JBF Industries in India, each with 1.25 million tons per annum capacity. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Indonesian textile industry targets exports of $14 bn

Apparel/Garments | On 25th Sep 2018

Indonesian textile industry targets exports of $14 bn

With a January-July 2018 exports figure of $7.74 billion, the...

Several challenges for Vietnam's garment sector in 2019

Apparel/Garments | On 25th Sep 2018

Several challenges for Vietnam's garment sector in 2019

Vietnam’s textile and garment industry will be facing a gamut of...

Interviews View All

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Nishank Patel, Shri Dinesh Mills Limited

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner, Devereux

Robert Brunner
Devereux

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

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search