London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

BP licenses PTA technology for large plant in China

June 01/2020

MOSCOW (MRC) -- BP has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to Chinas Dongying Weilian Chemical Co., Ltd., said the company.

Weilian Chemical is a subsidiary of Dongying United Petrochemical Co., Ltd, one of the leading manufacturers and distributors of petroleum and petrochemical products in China. Weilian Chemical intends to build a 2.5 million tonnes per annum PTA production unit at the Dongying Port Economic Development Zone in eastern Shandong province, adding to Dongying United Petrochemicals existing refineries and paraxylene (PX) facilities portfolio.

Weilian Chemical selected bps proprietary PTA production technology for its new PTA unit after a competitive, global bidding process initiated in 2019. The design phase for the unit is underway and is expected to be completed during the first half of 2020. First production is anticipated by the second quarter of 2022.

"We are pleased to be able to provide bps most advanced PTA technology, bpPTAg5, to Weilian Chemical, helping our partners to grow their business to meet the demand for high quality products with a lower carbon footprint. Together, we hope to lay strong foundations for future cooperation, said Rita Griffin, chief operating officer, bp Petrochemicals.

"Adding a PTA production facility is an important step for our company to accelerate industrial transformation, while improving quality and efficiency. We are delighted to work together with bp, providing us with leading technology and services. With bps support, we believe our PTA project will start-up successfully, showcasing the fruitful cooperation between us, said Li Zhanchen, chairman of Dongying United Petrochemical Co., Ltd.

The key characteristics of the technology licensed to Weilian Chemical have been proven at bps Zhuhai plant in southern China, bps largest PTA production facility worldwide so far. Based on internal comparisons with conventional PTA technology, there are significant reductions in both operational costs and capital costs, which should help achieve high investment returns. The electricity generated by the Zhuhai plant from applying bps technology is expected to result in a surplus that can be transmitted to the external power grid, supporting the energy needs of the local community. bp's anaerobic wastewater technology allows for increased treatment capacity, while its world-class compression process reduces land use.

The Zhuhai plant and technology have also been recognized for environmental performance, receiving Chinese government award. In July 2019, the facility was named Energy and Efficiency Front Runner by the China Petroleum and Chemical Industry Federation and was ranked first in China for PTA manufacturing.

China is the worlds largest PTA producer, a key feedstock for the production of polyester plastics, and accounts for more than half of global production.

PTA is used to produce polyethylene terephthalate (PET), which, in its turn, is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.

According to MRC's ScanPlast report, March estimated PET consumption in Russia was 65,3700 tonnes, up by 1% year on year. Russia's estimated PET consumption decreased  in January-March 2020 by 3% year on year to 175,170 tonnes.
Author:Anna Larionova
Tags:PET-granulate, terephthalic acid, PET bottles, PET films, PET preforms, British petroleum.
Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe