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



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

A Schulman appoints Henry Ford’s VP to its board

AKRON, US: A Schulman Inc has appointed senior vice president (VP) and chief human resources officer of Henry Ford Health System, Kathleen Oswald to i ...

Read more
Univar announces changes in management

DOWNERS GROVE, US: Univar Inc, a global chemical distributor and provider of value-added services has appointed Eric Foster as chief information offic ...

Read more
AkzoNobel to repurchase shares worth €150 million

AMSTERDAM, NETHERLANDS: AkzoNobel NV declared that it will repurchase up to 2.5 million ordinary shares, which is based on the closing price of AkzoNo ...

Read more
Technip, Chemetry sign licensing agreement for EDC technology

PARIS, FRANCE: Technip SA and Chemetry Corporation have signed a cooperation agreement for the licensing and engineering of Chemetry’s eShuttle ...

Read more
Showa Denko to start producing sleek cans in Vietnam

TOKYO, JAPAN: Showa Aluminum Can Corporation (SAC), a wholly owned consolidated subsidiary of Showa Denko K K (SDK) said that it will start to produce ...

Read more
PPG declares restructuring, aims $125 mn annual savings

PITTSBURGH, US: PPG Industries Inc said that its board of directors approved significant and broad restructuring actions to reduce its global cost str ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X