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Below you will find BP Petrochemicals press releases issued since 2012

Latest press releases

4 March 2019
 

BP partners with Virent and Johnson Matthey on Virent’s Bioforming® process for production of bio-paraxylene

BP, Virent Inc. and Johnson Matthey (JM) have signed an agreement that will further advance the commercialization of Virent’s Bioforming® process for production of bio-paraxylene (PX), a key raw material for the production of renewable polyester.Virent’s Bioforming® technology, which is being developed with JM, produces drop-in reformate product from renewable sources that can be used to produce renewable fuels and also processed into lower carbon intensive bio-PX, the feedstock for bio- purified terephthalic acid (PTA), using existing technologies.

Archive

All BP Petrochemicals press releases issued since 2012
2018
2017
2016
2015
2014
2013
2012
2018

20 December 2018
 

SOCAR and BP explore the creation of a new petrochemicals joint venture in Turkey

BP and SOCAR Turkey today announced that they have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey.

 

The proposed facility, in Aliaga in western Turkey, would produce 1.25 million tonnes per annum (tpa) of purified terephthalic acid (PTA), 840,000 tpa paraxylene (PX) and 340,000 tpa benzene. PTA is used to manufacture polyesters, which have many uses including food and beverage containers, packaging materials, fabrics, films, and other consumer and industry applications.

20 June 2018
 

BP deepens strategic cooperation with Zhejiang Xin Feng Ming and licenses latest generation PTA technology

BP and Xin Feng Ming Group Co., Ltd. (Xinfengming) entered an agreement to 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.

27 February 2018
 

BP licenses its latest generation PTA technology in Turkey

BP and SOCAR TURKEY ENERJI A.Ş (SOCAR Turkey) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology. SOCAR Turkey intends to deploy the technology in its new 900,000 tonnes per annum (tpa) unit at Aliağa, Turkey, expected to come on stream by 2023 once the final investment decision is taken.

2017

19 September 2017
 

BP launches PTAir in China

BP today launched PTAir in China – the new certified carbon neutral purified terephthalic acid (PTA) brand. PTAir provides a more sustainable solution for the polyester industry chain.

14 June 2017
 

BP completes upgrade of South Carolina petrochemical facility

As part of a $200 million program, BP has completed the upgrade of its petrochemical facility near Charleston, S.C., that will significantly reduce the site’s energy use and emissions, and allow it to produce a new line of low-carbon products for the first time in the US. 

30 March 2017
 

BP marks 50 years in Hull; supports creation of a wood acetylation consortium

BP, and Accsys Technologies through its subsidiary Tricoya Technologies Limited (TTL) and Medite have announced the creation of a consortium, Tricoya Ventures UK Limited (TVUK). BP, through its petrochemicals and venturing businesses will invest over $25 million in TTL and TVUK over a two year period.

2016

13 September 2016
 

BP unveils PTAir – a world-first low carbon and carbon neutral PTA solution

BP today launched PTAirTM, a new low carbon and carbon neutral PTA brand with three products that offers a more sustainable solution for the polyester value chain through a combination of world-class technology and carbon management expertise.

6 January 2016
 

BP agrees to sale of Alabama petrochemical complex

BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business for improved profitability and long-term growth. The divestment is in line with BP’s global petrochemicals strategy.

2015

14 September 2015
 

BP agrees third latest generation PTA licence with Ningxia Baota

BP and Ningxia Baota Chemical Fibre Co., Ltd. (a majority owned subsidiary of Baota Petrochemical Group) have signed an agreement to license BP’s latest generation purified terephthalic acid (PTA) technology, the third such deal agreed by BP. Ningxia Baota intends to build a 1.2 million tonnes per annum (tpa) unit at the Ningxia Ningdong Energy and Chemical Zone in Ningxia Hui Autonomous Region, China, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry. Baota expects the PTA plant to come on stream in 2018.

31 August 2015
 

BP licenses its latest generation PTA technology in Oman

BP and OMAN INTERNATIONAL PETROCHEMICAL INDUSTRIES COMPANY (OMPET) (a joint venture between Oman Oil Company, LG International Corp and Takamul Investment Company) have entered into a licensing agreement for BP’s latest generation purified terephthalic acid (PTA) technology. OMPET intends to build a 1.1 million tonnes per annum (tpa) unit at Sohar, Oman, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.

3 July 2015
 

BP celebrates start-up of Zhuhai PTA 3 plant

BP today 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 in China.

2014

17 November 2014
 

BP to invest $200 million in upgrades to US and Belgian petrochemical plants

BP announced today that it plans to invest over $200 million to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world.

2013

7 November 2013
 

BP reveals step-out routes to acetic acid and ethylene with all-new technologies

BP today announced two new technologies for the production of key petrochemical feedstocks. SaaBre™ is a new route for the production of acetic acid from syngas and Hummingbird® directly converts ethanol to ethylene through dehydration.

2012

5 July 2012
 

First for BP as it licenses latest generation PTA technology to JBF Petrochemicals

BP and JBF Petrochemicals (a wholly owned subsidiary of JBF Industries Ltd.) have signed an agreement for licensing BP’s latest generation purified terephthalic acid (PTA) technology. JBF intends to build a 1.25 million tonnes per annum (tpa) unit at the Special Economic Zone in Mangalore, India, to produce PTA, the primary feedstock for polyesters used in textiles and packaging. JBF expects the Mangalore plant to come on stream at the end of 2014.