Turkey: Terephthalic Acid Technology BP and Socar Sign Licensing Agreement for PTA Technology
BP and Socar Turkey Enerji have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology.
London/UK — Socar Turkey intends to deploy the technology in its new 900,000 tonnes per annum (tpa) unit at Aliağa, Turkey, expected to come on stream by 2023 once the final investment decision is taken. BP will license and deploy the technology in the Turkish facility.
Emil Eminov, Socar Turkey chief operating officer, said that the investment was highly strategic for them, fulfilling their intent to create a value chain by integrating their newly-announced aromatics complex adjacent to the Star refinery and Petkim plant in Aliağa with the PTA technology. He added that the investment would create the most competitive asset in Turkey and the Middle East and would serve the high demand for PTA in Turkey and surrounding regions.
BP Petrochemicals’ PTA technology has lower capital and operating costs when compared with other PTA technologies, the supplier claims. The technology is also supposed to be more energy efficient, uses less water and produces less solid waste than similar technologies on the market.