bp licenses its PTA technology to Weilian Chemical
15 June 2020
bp has entered into an agreement to license its latest generation technology for the production of purified terephthalic acid (PTA) to China’s Dongying Weilian Chemical Co., Ltd.
Weilian Chemical intends to build a 2.5 million tonnes per annum PTA production unit at the Dongying Port Economic Development Zone in eastern Shandong province, adding to Dongying United Petrochemical’s existing refineries and paraxylene (PX) facilities portfolio.
Weilian Chemical selected bp’s proprietary PTA production technology for its new PTA unit after a competitive, global bidding process initiated in 2019. The design phase for the unit is underway and is expected to be completed during the first half of 2020. First production is anticipated by Q2 of 2022.
The key characteristics of the technology licensed to Weilian Chemical have been proven at bp’s Zhuhai plant in southern China, bp’s largest PTA production facility worldwide so far.