Major Chinese purified terephthalic acid makers offered down their paraxylene feedstock Monday as the May PX Asia contract price failed to settle at the end of April. The PX ACP, negotiated monthly between four PX producers and five PTA ...
Tags: PTA, PX Feedstock, ACP
China based - Xianglu Petrochemical plans to start a new purified terephthalic acid (PTA) plant by the end of the third quarter. “Trial runs at the plant located at Fujian province, China are planned to be undertaken in the ...
Tags: Xianglu Petrochemical, PTA plant
Kazakhstan is planning to invest in setting up a purified terephthalic acid (PTA) plant at the cost of US$ 450 million in the Belarusian town of Mogilev. The existing location of OAO Mogilevkhimvolokno is being considered for setting up ...
M&G Group has signed a licensee agreement with Mexican petrochemical company Alpek for IntegRex PTA technology, which will be used in its Corpus Christi PTA-PET plant construction project in the US. M&G previously announced the ...
A purified terephthalic acid (PTA) plant operated by Mitsui Chemicals is presently operating at reduced capacity. “The PTA plant located at Iwakuni in Japan is currently running at 75% capacity rate, due to reduced demand for ...
Tags: PTA Plant, Mitsui Operating
Asia's paraxylene market extended falls Monday morning, with the CFR Taiwan/China PX price benchmark declining quickly to under the psychological $1,600/mt mark for the first time in three months under heavy sell pressure, market sources ...
Tags: paraxylene market, paraxylene, PX Market
HOUSTON — January 11, 2013 — The M&G Group ("M&G"), one of the three leading producers in the Americas of PET for packaging applications, announced today that it has signed a US$ 1 billion engineering, procurement and ...
Tags: M&G, Sinopec Engineering, Textile
Italian PET producer, M&G Group has signed a $1bn engineering, procurement and construction (EPC) contract with Sinopec Engineering for PET plant construction in Corpus Christi, Texas, US. The single line PET plant is said to have a ...
Tags: M&G Group, EPC contract, Sinopec Engineering
M&G Group of the US has signed an engineering, procurement and construction contract with China's Sinopec Engineering to build a polyethylene terephthalate and purified terephthalic acid plant in Corpus Christi, Texas, the company said in a ...
Tags: M&G Group, engineering, procurement, construction
The production margin for spot purified terephthalic acid hit a six-month high Wednesday following a sharp drop in feedstock paraxylene prices, but this still failed to lift the margin out of the red, Platts data showed. The PTA margin ...
Tags: PTA, paraxylene, price, Asia
Japanese petrochemical majors are scouting overseas countries to set up petrochemical plants either on the own or in joint ventures. Big petrochemical companies like Sumitomo, Asahi Kasei, Mitsui & Co, Mitsubishi Chemicals and Ube ...
Lotte Pakistan PTA Ltd. (LOTPTA), a producer of pure terephthalic acid (PTA), is upgrading its plant to trim costs. LOTPTA Chief Executive Officer Asif Saad said the company launched commercial operations of a US$ 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
Indorama Ventures (IVL) has completed the previously announced acquisition of the polyethylene terephthalate (PET) assets of PT Polypet Karyapersada in Indonesia. The deal was first announced in March 2012. According to IVL, the deal ...
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