In early 2014 bp agreed to purchase all interests held by Japan's Mitsui Chemicals, Inc. (MCI) and Mitsui & Co. Ltd. (MBK) in PT. Amoco Mitsui PTA Indonesia (AMI), a joint venture for production and sales of purified terephthalic acid (PTA), bringing total bp shares in the company to 100%.
The new company, PT. BP Petrochemicals Indonesia (BPPI) has its head office in Jakarta and a manufacturing plant at Merak, on the western coast of Java. The plant produces 530,000 tons a year of PTA, a raw material for polyester which is used in clothing, food and drink packaging and certain industrial applications.