26 March 2002 17:28 [Source: ICIS news]
SAN ANTONIO, Texas (CNI)--BP might bring forward plans to review its proposed purified terephthalic acid (PTA) production capacity increase at Cooper River, South Carolina.
Plans to raise the plant’s current capacity of 1.3m tonne/year by about 160 000 tonne or around 12% were put on hold last year in the face of the US economic downturn and uncertainty over future PTA demand.
This year BP Chemicals is cutting its capital spending to around $800m (about Euro900m) although it is pressing ahead with plans for a new worldscale PTA plant in Europe.
The Cooper River debottlenecking project is currently scheduled to be re-examined next year but Andrew Mackenzie, group vice president for chemicals with BP America, said here that the review could be brought forward if the recovery in petrochemicals is better than expected.
Mackenzie was talking here in an interview at the International Petrochemicals Conference (IPC). The IPC, which is sponsored by the National Petrochemicals & Refiners Association (NPRA), concludes on Tuesday.
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