CBI member BP celebrated the official start-up of the Phase 3 PTA plant of Zhuhai Chemical Co., enhancing its position in the purified terephthalic acid (PTA) market and its long-term commitment to China. BP Zhuhai, in which BP and Zhuhai Port Co. hold an 85% and 15% respectively, is the leading Sino-foreign joint venture producing and marketing PTA in China.
The completed Phase 3 plant, with a design production capacity of 1.25 million tonnes per year, is the world’s largest single train PTA unit.
Commenting on the investment in Zhuhai, Edward Yang, President of BP China, said, “BP Zhuhai is a good example of our long-term commitment in Guangdong province, which accounts for a large proportion of our investment in China.
We look forward to playing a greater and more active role in the progression of the ‘Green Guangdong Agenda’ by providing our significant experience and expertise in clean energy and energy efficiency.”
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