17 February 2000 12:44 [Source: ICIS news]
LONDON (CNI)--BP Amoco Chemicals revealed plans on Thursday to build a new, world-scale 700 000 tonne/year purified terephthalic acid (PTA) plant in North America to meet increasing demand in the region. It is also expanding its PTA unit at Cooper River, South Carolina, US.
The Anglo-American group said it is studying options for the new PTA plant which could be brought onstream by the end of 2003. It expects to complete preliminary phases of the study during 2000. Issues to be addressed include optimising the combination of site location, feedstock and product logistics, it said.
A spokesman for BP Amoco said the group is looking at locations in North America for the new plant.
BP Amoco plans to raise PTA production at Cooper River by up to 180 000 tonne/year to 1.5m tonne/year. It is studying options to debottleneck production, and the extra capacity is scheduled to come onstream in time to meet North American polyethylene terephthalate (PET) demand in 2002. Current plans call for front-end engineering and design to be completed by the end of this year.
Bryan Sanderson, chief executive officer of BP Amoco Chemicals, said: "PTA is a strategic part of BP Amoco's petrochemical portfolio and we remain committed to expanding our position as the world's number one producer and marketer of PTA."
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