Pan Asia uses INVISTA P8 technology to build a new PTA production line
On March 12, IPT, IPT’s technology and licensing department, signed an agreement with Guangzhou Pan Asia Polyester Co., Ltd. The technology license agreement authorizes Pan Asia to use INVISTA’s latest purified terephthalic acid (PTA) process technology. Pan Asia will use INVISTA P8 PTA technology to build a PTA device with an annual output of 1.25 million tons in the Jizan Economic Park, Kingdom of Saudi Arabia. This project is INVISTA’s first technology licensing project in the Middle East. The project is expected to be put into production in the first quarter of 2021.
Purified terephthalic acid ASTM standard released
ASTM D8062-19 “Low p-TOL (p-Toluic Acid)”, developed under the leadership of Sinopec ) content of purified terephthalic acid product standards” was officially released on the official website of the American Society for Testing and Materials (ASTM) International Standards Organization, achieving a zero breakthrough in the formulation of Sinopec’s ASTM standards. This standard specifies the content of two key impurities in purified terephthalic acid (PTA), which has an important impact on the stable operation of downstream polyester processes and the quality of polyester products. Its release effectively fills the international gap and lays a solid technical foundation for leading the development of the PTA industry.
Fujian Baihong Petrochemical Co., Ltd. has an annual output of 2.5 million tons of PTA project environmental impact assessment acceptance
Fujian Baihong Petrochemical Co., Ltd. has an annual output of 2.5 million tons of purified terephthalic acid The project is located in Nanshan Area of Quangang Petrochemical Industrial Zone, Fujian Province, covering an area of 465.33 acres. It is a new construction project. The total project investment is 5,722.63 million yuan, of which environmental protection investment is approximately 180.8 million yuan, accounting for 3.16% of the total investment. The project uses INVISTA’s patented PTA production technology, using paraxylene as the main raw material, acetic acid as the solvent, cobalt and manganese as the catalyst, and bromine as the accelerator. After PX oxidation and product refining, purified terephthalic acid is produced.
Sichuan Energy Investment Group’s PTA unit with an annual output of 1 million tons was successfully commissioned
On May 22, Sichuan Energy Investment Group Nanchong has an annual output of 1 million tons of PTA. The device was successfully commissioned and commissioned, and PTA products were successfully produced. This marks that the oxidation, refining and other series of device processes have been completed, and the PTA project is on the fast track to full production. This project is located in Nanchong Economic Development Zone. It is the second large-scale PTA project installation in the western region, with a total investment of approximately 4.5 billion yuan and an area of approximately 960 acres. The annual PTA output can reach 1 million tons and the annual output value is approximately 6 billion yuan.
Hengyi Petrochemical and Rongsheng Petrochemical jointly build a 6 million tons PTA project
On September 19, Hengyi Petrochemical and Rongsheng Petrochemical issued announcements at the same time , in order to further enhance the company’s complete industrial chain advantages and enhance market competitiveness, expand the market scale of the company’s products, and reduce the unit cost of products, Zhejiang Yisheng New Materials Co., Ltd. (hereinafter referred to as “Yisheng New Materials”), a subsidiary of the two companies “) plans to invest in the construction of a “6 million tons of PTA project per year”. The project will be implemented in two phases, with an estimated total investment of 6.731 billion yuan. The project investment entity Yisheng New Materials is jointly held by Hengyi Petrochemical and Ningbo Zhongjin Petrochemical, each holding 50% of the shares. The construction site is the Petrochemical Economic and Technological Development Zone in Ningbo City, Zhejiang Province, with a planned area of approximately 362.6 acres. Two sets of PTA production equipment will be built to form an annual production capacity of 6 million tons of PTA.
Tongkun’s 2.8 million tons of aromatics and 5 million tons of PTA projects were settled in Qinzhou
On August 27, Qinzhou Municipal Government and Zhejiang Tongkun Holding Group Co., Ltd. The company signed an investment contract in Nanning. Tongkun Holding Group will invest approximately 51 billion yuan to build the Beibu Gulf green petrochemical integrated industrial base project in Qinzhou with an annual output of 2.8 million tons of aromatics and 5 million tons of PTA. This project is an important part of Tongkun Group’s strategic layout and an important manifestation of industrial cooperation and optimization and complementarity between the east and west. It will make up for the industrial shortcomings of aromatics and downstream PTA and polyester, and achieve “partition supply” between industrial projects and collaborative linkage between industrial chains, helping to promote the high-quality development of Guangxi’s petrochemical industry.
The second phase of Hainan Yisheng PTA project was signed and landed in Yangpu
On November 18, the Hainan Free Trade Pilot Zone construction project (seventh batch) was signed During the ceremony, 7 construction projects were signed on site. The Hainan Yisheng PTA Phase II project, as one of the seven major projects, was officially signed and landed in Yangpu. The second phase of Hainan Yisheng PTA has a total investment of 4.5 billion yuan and will build a PTA production device with an annual output of 2.5 million tons and a PET production device with an annual output of 500,000 tons, as well as supporting terminal expansion and public works. The project will adopt advanced PTA production technology with independent intellectual property rights, adopt the industry’s advanced manufacturing technology and automated and intelligent production equipment, invest and construct within the existing project base land, and carry out technological transformation and upgrading. No new construction will be involved. For land use, no new emission indicators will be added.
The “four-in-one” compressor unit of Zhongtai Petrochemical’s 1.2 million tons/year PTA project was successfully commissioned
On December 5, the China Chemical Engineering Group Co., Ltd. The 1.2 million tons/year PTA unit of Korla Zhongtai Petrochemical built by Eleventh Construction Co., Ltd. successfully completed the joint test run of the steam turbine, compressor, motor generator, and expander, marking the successful completion of the test run of the “four-in-one” compressor unit of the PTA project. It is reported that the Zhongtai Petrochemical PTA project covers an area of more than 1,978 acres. Construction started on May 10, 2017, with a total project investment of 5.6 billion yuan.
PTA options contract announced
On December 9, Zhengzhou Commodity Exchange announced the PTA options contract. This marks another solid step taken by ZCE on the path of balanced development of futures and options. The level of supporting options for major futures varieties will be significantly improved, and the ways and means of serving related industries will be more three-dimensional and diversified. From the perspective of futures varieties across the entire textile industry chain, after PTA options are officially launched, Zhengzhou Commodity Exchange will have cotton futures, cotton options, cotton yarn futures, and PTAA series of “combination instruments” for futures and PTA options. In the future, if polyester bottle flakes and polyester short fiber futures are successfully launched, financial instruments covering a wider textile industry chain will exert a stronger “sector effect.”
Xinfengming Dushan Energy Phase I PTA project was officially put into operation
On December 18, Xinfengming decided to increase investment in the project – the wholly-owned subsidiary Dushan Energy Phase I has an annual output of 220 The 10,000-ton PTA project was officially put into operation and entered full capacity production. The first phase of the PTA project with an annual output of 2.2 million tons is the PTA device with the largest single-series production capacity in the world. The company optimized the allocation of various resources and took two years from the start of construction to full production. Its short construction period is rare in the industry. The second phase of the green and intelligent PTA project started construction in March this year and is expected to be completed and put into production in the third quarter of 2020. Dushan Energy’s 5 million tons PTA project is located in Pinghu, Zhejiang. It is the first important project in Xinfengming’s strategic plan to build a complete polyester filament industrial chain that extends to the upstream raw material link. </p
