20 June 2018
DETAILS
BP and Xin Feng Ming Group Co., Ltd. (Xinfengming)
license BP’s latest generation
purified terephthalic acid (PTA) technology
to Dushan Energy Ltd.,
a subsidiary of Xinfengming.
BP and Xinfengming also signed
a memorandum of understanding (MOU)
to deepen strategic cooperation
along the polyester raw materials value chain
and Xinfengming intends to deploy BP technologies
for all Xinfengming’s future PTA and related investments.
Dushan Energy Ltd. intends to build
a 2.2 million tonnes per annum unit
at Dushan Port Economic Development Zone
in Pinghu, Zhejiang province.
At present, the basic design of the PTA unit
has been completed and construction has started on the site.
The project is expected to commence production in Q3 2019.
The MOU on strategic cooperation covers
Xinfengming’s further investments in PTA phase II
utilizing BP’s most advanced PTA technologies
and related products.
In addition, based on China's move towards products
with improved environmental performance,
BP and Xinfengming will jointly promote
low-carbon products in China.
Zhuang Kunlong,
Chairman of the board of directors of Xinfengming
“We recognize the advantages of BP’s cutting-edge PTA
and related technology and its innovative capability
in the polyester supply chain.
We hope that working collaboratively with BP in these areas
will further enhance Xinfengming’s competitiveness
in the polyester industry in the long run.”
Dr. Xiaoping Yang,
BP China president,
“We are committed to supporting
the sustainable development of China’s petrochemicals industry
through our most advanced PTA technologies and expertise,”
“Through the MOU, BP and Xinfengming will jointly
deliver high-quality products to customers.”
Rita Griffin,
chief operating officer,
BP Petrochemicals
“We are delighted to provide
our most advanced PTA technology
to Xinfengming, one of the leading enterprises
in China’s chemical fibre industry.
Combining BP’s technology and brand with
Xinfengming’s long experience
in the China polyester industry
we expect to pave a solid foundation
for future collaboration and mutual development
for both parties.”
Based on internal comparisons of
conventional PTA technology with
BP's latest generation of PTA technology,
there are significant reductions
in both operational costs and capital costs,
leading to high investment returns.
BP’s technology is also renowned for
its significant environmental performance
with several Chinese government awards granted
since Zhuhai start-up in 2003.
Through our research and development efforts,
we introduced a latest generation PTA technology
in our Zhuhai plant that delivered
65% fewer GHG emissions,
75% less water discharge and
95% less solid waste disposal
in its manufacturing process than
the manufacturing process
for conventional PTA technology of the 1990s[1].
[1] Derived from BP’s internal analysis Evaluating Energy
Processing Technology, conducted in 2016.
Data in this internal analysis was derived from
BP’s actual operating data
from six of its PTA manufacturing facilities.
Further information
BP press office,
London: +44 (0)20 7496 4076,
bppress@bp.com
BP press office,
China: +86 (0)10 6589 3878,
bpchinapress@bp.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
