Fujian Billion Petrochemicals Co., Ltd to utilize INVISTA’s latest P8 technology for its 2.5 Million Tonne PTA line
INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), and Fujian Billion Petrochemicals Co., Ltd. have reached an 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.
“We are honored 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," Mike Pickens, IPT president said.
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.
IPT’s P8 PTA technology is available as a licence package from INVISTA Performance Technologies.
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