MOSCOW (MRC) -- India-based JBF Petrochemicals has signed a long-term agreement with ONGC Mangalore Petrochemicals Ltd. (OMPL) for the supply of paraxylene, the main raw material in the production of purefied terephthalic acid (PTA), said Hydrocarbonprocessing.
JBF Petrochemicals is in the process of commissioning a PTA plant with 1.25 MMtpy of capacity, using technology from BP, at Mangalore. The paraxylene will be supplied by OMPL to JBF through a dedicated pipeline of about 3 kilometers in length.
The agreement includes the supply of paraxylene (PX) over a period of 10 years, with a provision to further increase the period of supply by another 5 to 10 years by mutual consent.
The deal assures the long-term supply of raw material for the PTA project, according to JBF officials.
As it was written earlier, in 2013, Technip was awarded by JBF Petrochemicals, a wholly–owned subsidiary of JBF Industries Ltd, an important contract(1) for a 1.25 million tons per year latest-generation purified terephthalic acid (PTA) unit, to be located in the Special Economic Zone in Mangalore, India.