China: Purified Terephthalic Acid Production Invista Licenses Latest PTA Technology to China's Jiangsu Honggang Petrochemical
Invista’s technology and licensing group and Jiangsu Honggang Petrochemical have reached agreement for the licensing of the company’s latest purified terephthalic acid (PTA) process technology.
Shanghai/China — This is the first time that Invista and Honggang would be collaborating to build state-of-the-art PTA assets; a further recognition by the PTA industry of the many technology and schedule advantages which the engineering company delivers for its customers.
Honggang will utilize the P8 PTA technology at a scale of 2.4 million metric tonnes per year. Since 2012 the company has licensed nearly 21 million tonnes of PTA capacity, representing almost two-thirds of the license capacity awarded during this period. Of this capacity, 70 % would be based upon P8 PTA technology.
A kick-off meeting was successfully held in the week of Oct. 8, 2018. The targeted project start-up date would be in Q4, 2020.