【Haichuan Project Updates】BP Grants a Third PTA License to Dongying Weilian

It is reported that Weilian Chemical is controlled by Dongying United Petrochemical Co., Ltd., and is one of China’s leading companies in the production and sales of petroleum and chemical products. Weilian Chemical plans to build a PTA production facility with an annual output of 2.5 million tons in its plant located in the Dongying Port Economic Development Zone in Dongying City, Shandong Province. Weilian Chemical launched a global bidding process in 2019 and ultimately selected BP’s PTA patent production technology. The project is currently in the design phase and is scheduled to be completed in the first half of 2020, with operation expected to begin in the second quarter of 2022.

The key advantages of the technology licensed to Weilian Chemical have been fully demonstrated at BP’s largest PTA production facility worldwide, namely the Zhuhai PTA flagship plant. According to internal research, compared to other PTA production technologies, BP’s technology offers significant advantages in terms of operating costs and capital investment, while also enabling companies to achieve higher returns on their investments. At the same time, the heat generated by this technology during the production process can be recovered for waste heat power generation. While meeting the factory’s own power needs, any excess electricity can also be supplied to the external grid, helping to meet the energy demands of the local community. In addition, BP’s anaerobic wastewater treatment technology has a higher processing capacity, and BP’s world-leading compression process significantly improves land utilization.

“This partnership with Weilian Chemical represents BP’s third PTA technology licensing project in China, following the successful launch of the Zhejiang Xinfengming project. We are deeply proud to be able, through cutting-edge technology, to continuously assist our clients in reducing carbon emissions while they carry out production, thereby contributing to the upgrading of China’s industries and their sustainable development in the long term. ”Yang Xiaoping, Chairman and President of BP China, said.

China Petroleum and Chemical Industry, June 20, 2018: BP has recently signed an agreement with Xinfengming Group Co., Ltd., granting its subsidiary Dushan Energy Co., Ltd. the right to use BP’s latest generation of purified terephthalic acid (PTA) technology. BP and Xinfengming have also signed a strategic cooperation memorandum to deepen their collaboration in the polyester raw material industry chain. At the same time, Xinfengming plans to deploy BP’s technology in all its future PTA and related investment areas.

Dushan Energy Co., Ltd. plans to build a PTA plant with an annual production capacity of 2.2 million tons in the Dushangang Economic Development Zone of Pinghu City, Zhejiang Province. At present, the preliminary design work for this facility has been completed, and construction has begun on site; the project is expected to come online in the third quarter of 2019. Under the strategic cooperation memorandum, BP will provide state-of-the-art PTA technology and related products for the second-phase PTA project at Dushan Port, which is planned by Xinfengming Group. Meanwhile, as China places increasing emphasis on improving the environmental benefits of its products, BP and New Fengming will work together in China to promote low-carbon products.

Does anyone know which company produced the first set?

This post was last edited by Desert Fish on 2020-6-1 at 11:55

This post was last edited by Desert Fish on 2020-6-2 at 13:55

The production capacity of Hengli Petrochemical’s fourth PTA unit, equipped with NVIDIA P8 PTA technology, has reached full capacity. 2020-03-09 13:59 Recently, NVIDIA’s Technology and Licensing department, NVIDIA Advanced Technologies (IPT), and Hengli Petrochemical (Dalian) Co., Ltd. (Hengli) announced that the production capacity of Hengli’s fourth purified terephthalic acid (PTA) unit has reached full capacity. The PTA plant with an annual production capacity of 2.5 million tons came online on January 8, 2020. Located on Changxing Island in Dalian, Liaoning Province, it utilizes Inovance P8 technology, a platform that offers industry-leading levels of variable costs, investment productivity, and environmental performance. This setup also utilizes NVIDIA’s proprietary R2R technology, enabling the production of benzoic acid as a by-product. Mr. Mike Pickens, President of NVIDIA’s Advanced Technologies Business, said, “Congratulations on the successful operation of Hengli Line 4!” Especially during these difficult times, the teams at Hengli and Invista have shown extraordinary effort. The successful commissioning of the fourth set of equipment for constant force operation once again demonstrates Invista’s capabilities in the global PTA market. ”

According to statistics, from April 2019 to 2025, approximately 42 million tons of additional PTA production capacity will be added in China, bringing the total capacity to around 90 million tons. Private enterprises such as Hengli, Tongkun, and Yisheng hold a dominant share in this sector. In January 2020, domestic PTA prices returned to 5,000 yuan per ton, which is almost half of the peak level of 9,200 yuan per ton seen in September 2018. The period of prosperity in the industry that lasted for over a year has come to an end. This upward trend stems from the capacity reduction in the PX industry. A 5-year industry downturn led to 25% of the domestic PX industry’s capacity being taken out of operation. However, after a brief rise, the PTA price failed to hold its position and dropped rapidly. Driven by profits, the dormant excess capacity has been activated; with no immediate breakthroughs in export markets, competition is set to intensify.