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Archives :: Markets :: Basic Chemicals :: Petrochemicals :: Terephthalic acid

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December 10, 2014
Sohar Port and Freezone (Sohar, Oman) has struck a deal with Oman International Petrochemical Industry Co. (Ompet; Muscat) for a facility that will manufacture purified terephthalic...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Ompet-reaches-agreement-for-PTA-PET-project-in-Oman_66020.html
December 5, 2014
China's Zhengzhou Commodity Exchange (CZCE; Zhengzhou) will launch evening trading from next week for products including purified terephthalic acid (PTA) and methanol. The new trading...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/China-commodity-exchange-launches-evening-trading-hours-for-PTA-methanol_65927.html
November 21, 2014
Petkim (Aliaga, Turkey) has completed a $144-million ethylene capacity expansion at its Aliaga site, the company has announced. The facility’s output capacity has increased by...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Petkim-completes-ethylene-expansion-at-Turkish-site_65625.html
November 18, 2014
BP announced today that it plans to invest more than $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, SC; and Geel, Belgium. The investments will...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BP-to-invest-$200-million-at-PTA-plants-in-US-Belgium_65479.html
November 13, 2014
M&G Chemicals (Luxembourg), a wholly owned subsidiary of Mossi Ghisolfi Group (Tortona, Italy), has signed an agreement to issue $300 million in new equity to private equity...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Private-equity-firm-TPG-acquires-minority-stake-in-M-and-G-Chemicals-via-capital-increase_65363.html
November 5, 2014
Artlant PTA, a producer of purified terephthalic acid (PTA) at Sines, Portugal, plans to restart production at its 700,000 m.t./year plant following discussions with creditors, the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Artlant-plans-to-restart-PTA-plant-in-Portugal_65157.html
October 24, 2014
Para-xylene (p-xylene) spot prices have come off significantly in Europe this month as p-xylene spot prices have dropped in Asia on the back of a significant fall in energy markets...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/P-xylene-prices-fall-in-Europe-on-the-back-of-softer-Asian-prices-weaker-energy-markets_64788.html
October 20, 2014
Mitsubishi Chemical plans to restructure its money-losing purified terephthalic acid (PTA) business, according to Yoshimitsu Kobayashi, president and CEO of Mitsubishi Chemical...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Mitsubishi-Chemical-to-restructure-PTA-business_64596.html
October 16, 2014
Alpek (Monterrey, Mexico) posted a 17% decline in consolidated Ebitda for the third quarter of 2014 compared with the corresponding period of last year, to $131 million, on sales down...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/PTA-PET-producer-Alpek-posts-lower-results-on-weaker-volume-prices_64547.html
October 14, 2014

EPA has published a proposed greenhouse gas prevention of significant deterioration (GHG PSD) permit for M&G Chemicals' (Luxembourg) Corpus Christi, TX, polyethylene terephthalate project, which the company first announced in May 2011. M&G Chemicals plans to build a 1.0-million m.t./year PET plant and a 1.2-million m.t./year plant for the production of feedstock purified terephthalic acid.

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http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/EPA-publishes-proposed-GHG-PSD-for-M-and-Gs-Corpus-Christi-PET-project_64500.html
October 2, 2014
Mitsubishi Gas Chemical (MGC; Tokyo) said today that it will quit the purified terephthalic acid (PTA) business at the end of March 2015. MGC and Toyobo are partners in Mizushima...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Mitsubishi-Gas-Chemical-to-quit-PTA-business-p-xylene-plants-future-questionable_64230.html
September 3, 2014
Invista Technologies (St. Gallen, Switzerland) says it has licensed Invista’s R²R technology to Ariha Chemicals (Mumbai). Ariha plans to build the first standalone facility based on R²R, a technology for recovering byproducts from the waste stream of purified terephthalic acid (PTA) production....
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Invista-licenses-R2R-technology-to-Ariha-for-new-standalone-facility_63596.html
July 16, 2014
Invista said on Monday that it has resolved a lawsuit against a Chinese engineer for misappropriating and infringing on trade secrets relating to a portion of Invista’s purified...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Invista-wins-PTA-intellectual-property-lawsuit-in-Beijing-court_62474.html
March 28, 2014
With feedstock para-xylene (p-xylene) increasingly oversupplied, China’s producers of purified terephthalic acid (PTA) are gaining leverage over feedstock costs, and p-xylene margins are consequently in decline, says Duncan Clark, sr. director/aromatics and glycols at IHS Chemical. “It’s similar to the PTA industry, where there were very good margins a few years ago, and that was the business to be in.”...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/IHS-WPC-2014-Chinas-PTA-producers-gaining-leverage-over-p-xylene-costs_59918.html
March 7, 2014
BP said today that it has completed the previously announced buyout of its partners in Amoco Mitsui PTA Indonesia (AMI; Jakarta). BP says that on 28 February it completed the purchase...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/BP-takes-full-ownership-in-Indonesian-PTA-producer-may-upgrade-plant_59399.html
January 17, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), and United Petrochemical Co. (UPC; Moscow), a subsidiary of Sistema (Moscow), the largest...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Alpek-and-United-Petrochemical-form-RusPETF-joint-venture_58087.html
December 12, 2013
Technip announced today that it has extended its long-standing agreement with BP in the field of engineering services for purified terephthalic acid (PTA) plants based on BP’s...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Technip-and-BP-extend-PTA-plant-alliance_57305.html
December 4, 2013
Lotte Chemical UK, a subsidiary of Lotte Chemical (Seoul), says it intends to close its purified terephthalic acid (PTA) plant at Wilton, UK, with the potential loss of 70 jobs. The...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Lotte-Chemical-to-close-PTA-plant-in-UK_57071.html
November 13, 2013
Indorama Ventures (Bangkok) has decided to mothball the polyethylene terephthalate (PET) plant of the company's Indorama Polymers subsidiary at Workington, UK as part of a business...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Indorama-to-mothball-PET-plant-in-the-UK_56672.html
October 10, 2013
The Mexican state of Veracruz is expected to receive $5 billion in direct investment by chemical companies, foreign and domestic, in Mexico, over the next five years, according to the...
http://www.chemweek.com/markets/basic_chemicals/petrochemicals/terephthalic_acid/Mexicos-state-of-Veracruz-expects-$11-billion-in-direct-investments-into-its-petrochemical-industry_55711.html
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