Technip extends purified terephthalic acid alliance with BP

Technip extends purified terephthalic acid alliance with BP

10:17 AM, 13th December 2016

PARIS, FRANCE: Technip SA said that it has extended its purified terephthalic acid (PTA) to acetic acid alliance with BP PLC

The acetic acid alliance is relevant to front end loading (FEL) 1 and 2 stages of projects developed by BP worldwide, builds on the existing long-standing PTA alliance.

Technip, in the basis of the PTA relationship with BP, has engineered approximately 8 million tonnes per year of PTA capacity over a span of 20 projects.

Through its operating centre in Rome, Italy, Technip is the exclusive provider of FEL services for BP PTA fully owned and joint-venture projects; and also inside battery limit (ISBL) front-end engineering design (FEED) for PTA third-party licensing applications.

This alliance will be operated by the Technip centre of Rome, where existing synergies with the PTA relationship will be exploited.

“The extension of the long lasting and value providing alliance with BP in PTA to acetic acid shows that these relationships constitute win-win deals for technology owners and contractors. We look forward to reproducing in the acetic acid domain with BP the continuous improvement drive accomplished in the PTA sector,” said Nello Uccelletti, President onshore-offshore, Technip.

“BP’s long-term alliance with Technip in PTA has been successful, and we look forward to replicating this success in the acetic acid business,” added Charles Damianides, technology VP of BP Petrochemicals.

© Worldofchemicals News

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