The Zhuhai project has already received approvals from the Chinese Environment Protection Agency and the project application has been submitted to National Development & Reform Commission (NDRC).
Upon final approval from the Chinese Government, the Zhuhai project will be built with significant local engineering, procurement and construction in addition to applying project experience from BP's global system of 21 operating PTA units.
PTA is the preferred raw material used to manufacture polyethylene terephthalate, a widely used polyester polymer for the production of textiles, bottles, and packaging and film products.
BP Zhuhai was formed as a joint venture between BP and Fu Hua in 1997. The venture's first PTA plant, with initial capacity of 350,000 tonnes a year (tpa), began production in 2003 and has the capability to expand to 500,000 tpa.
Fu Hua Group Ltd was established in 1986 and became the first Zhuhai Company to be listed on the Shen Zhen Exchange in the People's Republic of China in 1993 with a registered capital of 345 million RMB and total assets of 1.2 billion RMB.
BP is one of Britain's biggest companies and one of the world's largest oil and petrochemicals groups. BP owes its origin to one man, William Knox D'Arcy, who, shortly after the turn of the century, invested time, money and labour in the belief that worthwhile deposits of oil could be found in Persia (now known as Iran).
marketing@alchempro.com
