The January US terephthalic acid contract price was heard settling at 67.22 cents/lb ($1,482/mt), up 2.83 cents/lb after Thursday's settlement of the US paraxylene contract, industry sources said. Demand for US PTA remained low, while ...
Tags: terephthalic acid, acid contract price, US
M&G Group of the US has signed an engineering, procurement and construction contract with China's Sinopec Engineering to build a polyethylene terephthalate and purified terephthalic acid plant in Corpus Christi, Texas, the company said in a ...
Tags: M&G Group, engineering, procurement, construction
Term contract discussions between Asian purified terephthalic acid producers and end-users are at a stalemate over a failure to agree on a new pricing formula, industry sources said Friday. The two sides typically finalize their term ...
Tags: PX price, Asia, PTA market
The production margin for spot purified terephthalic acid hit a six-month high Wednesday following a sharp drop in feedstock paraxylene prices, but this still failed to lift the margin out of the red, Platts data showed. The PTA margin ...
Tags: PTA, paraxylene, price, Asia
Petkim,the Turkish petrochemical producer,is pursuing a project,which would boost the purified terephthalic acid(PTA)capacity of its Aliaga plant by 50 percent,a company statement said. The project would raise the capacity of the ...
Thai paraxylene producer PTT Aromatics and Refining has concluded its 2013 term supply contracts at a premium of around $14/mt, up from last year's $9/mt, a company source said Wednesday. The producer settles its annual supply contracts ...
Tags: Chemicals, PTTAR, paraxylene, PTT Aromatics
Indorama Ventures PCL, Thailand, plans to expand its annual U.S. polyethylene terephthalate (PET) production capacity by 540,000 metric tons at an undisclosed brownfield location. The expansion is expected to be completed in the fourth ...
Tags: Textile World, Textile, US PET, PET
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer Asif Saad said the company launched commercial operations of a US$ 50 million power ...
Tags: pure terephthalic acid, commercial operation, financial condition
Mogilevkhimvolokno, part of the state run Belarus chemical company Belneftekhim, will import paraxylene (PX) from Kazakhstan to manufacture polyester fibre, Belneftekhim has announced. Last month, a joint proposal was signed between ...
Tags: Belarus, paraxylene, polyester fibre
US-based Invista has acquired PET resin and feedstock technology from La Seda de Barcelona (LSB), for an undisclosed amount. The transaction gives Invista intellectual property related to PET, purified terephthalic acid feedstock and ...
Tags: Invista, PET resin, feedstock technology
Indian producer of polyester granules, JBF Industries has awarded a contract to plant engineering and construction company Uhde Inventa-Fischer to build a PET plant in Geel, Belgium. The plant will have an annual total name plate capacity ...
Tags: PET plant, MTR and FTR technologies, food applications
Two new purified terephthalic acid (PTA) plants have become operational in China, which has led to a rise in demand and consequently an increase in imports of paraxylene (PX) in September 2012. A new plant with capacity to produce 1.5 ...
Tags: PX imports, purified terephthalic acid, paraxylene, PX
Hengli Petrochemical Industrial Park, which mainly engages in the production of purified terephthalic acid (PTA), used extensively in the production of textiles, has begun operations at its plant in Dalian located in Northeast China’s ...
BP announced that it has agreed to sell all its interests in purified terephthalic acid (PTA) production in Malaysia to Reliance Global Holdings Pte. Ltd. (Reliance). The agreement concerns BP’s 100 per cent equity in BP Chemicals ...
Tags: terephthalic acid, BP Chemicals, paraxylene technologies
UK-based BP and JBF Petrochemicals, a wholly-owned subsidiary of JBF Industries have signed an agreement for licensing BP’s purified terephthalic acid (PTA) technology to be used in the 1.25mt per annum plant in Mangalore, India. ...
Tags: BP, JBF Petrochemicals, purified terephthalic acid technology