MOSCOW (MRC) -- BP Zhuhai Chemical has deferred the startup of its new purified terephthalic acid (PTA) plant, according to Apic-online.
A Polymerupdate source in China informed that the startup of the plant has been postponed to 2015. It was earlier scheduled to start in Q4, 2014.
The reason for the delayed startup has been attributed to weak margins for PTA.
To be located in Zhuhai, southern Guangdong province of China, the plant will have a production capacity of 1.5 million mt/year.
As MRC informed earlier, China based company Xianglu Petrochemical started up its new purified terephthalic acid (PTA) plant in end-November 2013. Located in Xiamen, China, the plant has a production capacity of 1.5 million mt/year.
BP is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.
MRC