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.