Jiangsu Honggang Petrochemical Co., Ltd. to Utilize INVISTA’s Latest P8 Technology for New PTA Line
November 15 2018 - 03:38AM
Business Wire
INVISTA’s technology and licensing group, INVISTA Performance
Technologies (IPT), and Jiangsu Honggang Petrochemical Co., Ltd.
(Honggang) have reached agreement for the licensing of INVISTA’s
latest purified terephthalic acid (PTA) process technology. This is
the first time that INVISTA and Honggang would be collaborating to
build state-of-the-art PTA assets; a further recognition by the PTA
industry of the many technology and schedule advantages which
INVISTA delivers for its customers.
Honggang will utilize INVISTA’s P8 PTA technology at a scale of
2.4 million metric tonnes per year. Since 2012 INVISTA has licensed
nearly 21 million tonnes of PTA capacity, representing almost
two-thirds of the license capacity awarded during this period. Of
this capacity, 70% would be based upon INVISTA’s industry-leading
P8 PTA technology, designed to deliver long-term value for our many
new and returning customers.
A kick-off meeting was successfully held in the week of Oct. 8,
2018. The targeted project start-up date would be in Q4, 2020.
INVISTA’s latest industry-leading PTA technology is available as
a licence package from INVISTA Performance Technologies. For more
information, please visit the INVISTA Performance Technologies Web
site at www.ipt.invista.com.
About INVISTA
With leading brands including LYCRA®, COOLMAX®, CORDURA®,
STAINMASTER® and ANTRON®, INVISTA is one of the world’s largest
integrated producers of chemical intermediates, polymers and
fibers. The company’s advantaged technologies for nylon, spandex
and polyester are used to produce clothing, carpet, air bags and
countless other everyday products. A wholly owned subsidiary of
Koch Industries and headquartered in the United States, INVISTA has
more than 50 locations around the world. For more information,
visit INVISTA.com, Facebook.com/INVISTAglobal and
Twitter.com/INVISTA.
About Jiangsu Honggang Petrochemical Co., Ltd.
Jiangsu Honggang Petrochemical Co., Ltd., a subsidiary of
Shenghong Group, is mainly responsible for the construction and
operation of the purified terephthalic acid (PTA) project.
Shenghong Group is one of the main producers of filament in the
world.
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Shelley ZhangINVISTA+8621 63876666
2251Shelley.Zhang@INVISTA.com