MOSCOW (MRC) -- INVISTA Textiles (U.K.) Limited’s technology and licensing business, INVISTA Performance Technologies (IPT), and Jiangsu Jiatong Energy Co., Ltd, a subsidiary of Tongkun Group (Tongkun), have reached agreement to license INVISTA’s latest P8 PTA technology for two PTA lines, said the company.
These two lines will be installed in Rudong, Nantong City, Jiangsu province, China. Both lines deploy INVISTA’s largest twin stream design respectively, utilising INVISTA’s latest P8++ PTA technology.
Tongkun and INVISTA have been working together for 10 years in PTA. INVISTA’s first P7 and first P8 technology platforms were successfully installed, commissioned, and operated at another subsidiary (Jiaxing Petrochemical) of Tongkun Group. Based on the successful co-operation on these projects, Tongkun has again selected INVISTA’s latest P8++ PTA technology for the Jiatong project.
Adam Sackett, IPT vice president PTA, commented: "We are honoured that our industry-leading P8++ PTA technology has been selected again by Tongkun Group. Our companies have a long history of PTA innovation, and we look forward to working together on this new chapter of technology and cooperation between the two parties."
A kick-off meeting was successfully concluded on 15 August 2020, by Jiatong, INVISTA and CTCI (the engineering contractor). A project start-up date of 4Q22 is targeted for the first line.
PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.
According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 367,720 tonnes in the first six months of 2020, up by 19% year on year. Russian companies processed 62,910 tonnes in June.