BP plc (London, U.K.) has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongying Weilian Chemical Co., Ltd.
Weilian Chemical intends to build a 2.5 million ton/yr PTA production unit at the Dongying Port Economic Development Zone in eastern Shandong province, adding to Dongying United Petrochemical’s existing refineries and paraxylene (PX) facilities portfolio.
Weilian Chemical selected bp’s 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 bp’s 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 bp’s 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
“This new cooperation with Weilian Chemical is our third PTA licensing project in China, following the successful start-up of the Xin Feng Ming Group project. We are proud to continue helping our partners to manufacture products with a lower carbon footprint than conventional PTA technology, while supporting China’s long-term sustainable industrial development,” Xiaoping Yang, bp China president, added.