BP licenses PTA technology to Ningxia Baota Chemical Fiber

摘要

BP and Ningxia Baota Chemical Fibre Co., a majority owned subsidiary of Baota Petrochemical Group, have signed an agreement to license BP’s purified terephthalic acid (PTA) technology, the third such deal agreed by BP. Ningxia Baota intends to build a 1.2-million m.t./year plant at the Ningxia Ningdong Energy and Chemical Zone at Ningxia Hui Autonomous Region, China, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.