MOSCOW (MRC) -- CTCI and Invista have entered into a Strategic Cooperation Framework Agreement to collaborate on possible purified terephthalic acid (PTA) projects around the world, and have agreed to work closely in pursuit of PTA licensing opportunities, according to Apic-online.
"With Invista's connection with clients in the polyester value chain, CTCI could have early involvement during client's project development stage," said CTCI, noting that it has worked with Invista in Taiwan and China for decades, and would like to expand the cooperation into new areas of the world.
"Over the past several years, we have been working closely with CTCI to execute major capital investments in PTA," said Mike Pickens, president of Invista Performance Technologies. "The signature of this agreement is another milestone in our evolving relationship. I look forward to a strong collaboration of both parties in creating long-term value in the PTA industry worldwide."
As MRC informed previously, Frames has recently been awarded an order from CB&I and CTCI to design and supply an acid gas treatment unit for the Liwa Plastics Industries Complex (LPIC) in the Sultanate of Oman. The unit, which is based on solid bed scavenger technology, will prevent hydrogen sulfide being emitted into the atmosphere. The unit is expected to be completed and handed over in the first half of 2018. The LPIC project involves developing a new petrochemical complex - split into four EPC Packages - for the Oman Oil Refineries and Petroleum Industries Company (Orpic). Its primary goal is to further increase the value-added that can be derived from Omani crude oil and natural gas. It will also enable Oman to produce polyethylene for the first time.
Invista is one of the world's largest integrated producers of polymers and fibers, primarily for nylon, spandex and polyester applications. With a business presence in over 20 countries, Invista's global businesses deliver exceptional value for their customers through technology innovations, market insights and a powerful portfolio of global trademarks.
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