This announcement follows BP’s decision last year to make its leading, proprietary PTA technology available for licensing to third parties (not affiliated with BP).
This builds upon the agreement signed in 2000, whereby Technip and BP entered into an exclusive alliance for FEED services for BP’s PTA projects. BP is one of the largest PTA producers in the world and its PTA technology has significantly lower capital and operating costs, compared with conventional PTA plants.
The alliance aims to deliver advantaged capital productivity, applying the highest standards of HSSE, operability, innovation and reduced project cycle times. Since the creation of the alliance, approximately 5 million tons per year of PTA capacity has been engineered by Technip.
The recently designed Number 3 PTA plant for BP Zhuhai Chemical will deliver a step change in environmental performance; compared to conventional technologies, the new plant will achieve 75% lower water discharge, 65% lower greenhouse gas emissions and 95% lower solid waste generation.
As an illustration, BP and JBF Petrochemicals (a wholly-owned subsidiary of JBF Industries) previously announced an agreement to license BP’s latest PTA technology. Subsequently, Technip was awarded a major contract with JBF, for the 1.25 million tons per year PTA unit, currently under construction in Mangalore, India.
The contract covers the basic engineering, front-end engineering design, detailed engineering and procurement services for the ISBL and the OSBL (Outside Battery Limit). The scope of work also includes supply of materials and construction management services for the ISBL.
