As part of restructuring initiative for its petrochemicals business, BP plc plans to sell the plant producing purified terephthalic acid (PTA). As per BP, the PTA plant does not suit its strategy of concentrating on world-scale, low-cost facilities any more. The Alabama plant is capable of producing 1 mln tpa PTA. The facility also manufactures paraxylene (PX). The Zhuhai 3 unit in Guangdong Province, China that was brought online by BP in early 2015 is the world’s largest single-train PTA production unit. This unit is also one of the largest and most efficient PTA production units in the world. The Zhuhai 3 unit is capable of producing about 1.25 million tons of PTA per year.
BP is spending US$200 mln to upgrade its Cooper River, SC plant and the plant’s sister facility in Geel, Belgium. This should help the company to cut operating costs, enhance reliability and lower emissions.
23-Nov-15 
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