Invista’s technology and licensing group, Invista Performance Technologies (IPT), and Fujian Billion Petrochemicals Co., Ltd. have reached agreement to license Invista’s latest purified terephthalic acid (PTA) process technology for a new PTA line.
The PTA line will have a design capacity of 2.5 million metric tonnes per year and will be installed in Fujian Province, China.
Mike Pickens, IPT president, commented, “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.”
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.