MOSCOW (MRC) -- Invista Performance Technologies (IPT) and Jiaxing Petrochemical Co., a subsidiary of China-based Tongkun Group, have reached agreement for the licensing of INVISTA’s latest P8 process technology for Jiaxing’s second purified terephthalic acid (PTA) line, as per Hydrocarbonprocessing.
Jiaxing Petrochemical’s first PTA line, in operation since 2012, also utilizes Invista’s technology.
"I look forward to cooperation between both sides to ensure successful project execution of the second PTA line," said Mr. Xu, president at Tongkun Group.
Invista’s latest PTA technology is available as a license package from Invista Performance Technologies.
"The signing of the second PTA line license agreement represents the latest milestone in our relationship with Jiaxing and Tongkun," said Mike Pickens, IPT president. "We are very appreciative of the trust that chairman Chen Shiliang and his team have placed in INVISTA, recognizing that selection of industry-leading technology is critical for a good return on investment."
Jiaxing Petrochemical Co. is located at the Chemical New Material Zone in Zhapu Town, which is the harbor side of Jiaxing City, Zhejiang Province.
As MRC informed previously, in March 2015, Invista Performance Technologies and Hengli Petrochemical announced the successful start-up of Hengli’s third PTA line utilizing Invista’s PTA process technology. "The 2.2 million-tonne PTA production line is starting up quickly, with one of our streams reaching 100 percent utilization within 24 hours," said then Mike Lin, Hengli vice general manager. "The smooth start-up is not surprising, however; our other two PTA lines onsite continue to operate in excess of 100 percent flow sheet rate."
Invista is one of the world’s largest integrated producers of chemical intermediates, polymers and fibers. The company’s advantaged technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. Headquartered in the United States, Invista operates in more than 20 countries and has about 10,000 employees.
MRC