Samsung Petrochemical, PSE to jointly develop high-performance technologies for PTA production

15-Jan-09

Leading Korean producer of purified terephthalic acid (PTA) - Samsung Petrochemical Company (SPC) and Process Systems Enterprise (PSE), providers of gPROMS modeling technology and process optimization services, have signed an agreement for joint development of new high-performance technologies for PTA production. Under the agreement, PSE's advanced model-based optimization techniques will be combined with SPC's PTA process know-how and expertise to develop a range of advanced process optimization services to be offered to PTA manufacturers around the world. PSE's technology and expertise will also be applied to accelerate the development of SPC's brand new high-performance PTA Process, optimizing its performance and commercial advantage. SPC is a leader in PTA manufacture, with the lowest capital and variable costs of all the major processes licensors. The new developments will aim primarily at reducing operating costs and improving product quality, providing clear advantages over other licensed processes on the market. Based on its gPROMS advanced process modeling software, PSE has developed a comprehensive range of Model-Based Innovation (MBI) methodologies and services that are used throughout the chemical, petrochemical, food and pharmaceuticals sectors to accelerate innovation, optimize complex processes and generate intellectual property.