INVISTA licenses PTA technology for new Chinese petrochemicals project

INVISTA Performance Technologies (IPT) and Jiaxing Petrochemical Co., a subsidiary of China-based Tongkun Group, have reached agreement for the licensing of INVISTA’s latest P8 process technology for Jiaxing’s second purified terephthalic acid (PTA) line. 

Jiaxing Petrochemical’s first PTA line, in operation since 2012, also utilizes INVISTA’s technology.

 “I look forward to cooperation between both sides to ensure successful project execution of the second PTA line," said Mr. Xu, president at Tongkun Group.

INVISTA’s latest PTA technology is available as a license package from INVISTA Performance Technologies. 

“The signing of the second PTA line license agreement represents the latest milestone in our relationship with Jiaxing and Tongkun," said Mike Pickens, IPT president. "We are very appreciative of the trust that chairman Chen Shiliang and his team have placed in INVISTA, recognizing that selection of industry-leading technology is critical for a good return on investment.”

Jiaxing Petrochemical Co. is located at the Chemical New Material Zone in Zhapu Town, which is the harbor side of Jiaxing City, Zhejiang Province.

Jiaxing Petrochemical occupies an area of 670 acres and employs about 500 people.