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Petrochemicals

Innovation, capabilities, operational excellence, safety, and customer support have kept us at the forefront of the petrochemicals industry

Innovation, capabilities, operational excellence, safety, and customer support have kept us at the forefront of the petrochemicals industry

Petrochemicals licensing and marketing

Purified Terephthalic Acid (PTA) is a feedstock chemical for the manufacture of a wide range of everyday items including clothes and many food and non-food packaging products


Together with paraxylene (PX), acetic acid, olefins and derivatives, PTA forms part of our petrochemicals value chain businesses, which are built around proprietary technology. Our four main product lines are marketed in more than 40 countries around the world, including India. Innovation, capabilities, operational excellence, safety, and customer support have kept us at the forefront of the industry across the world, with our products including PTAir, a new low carbon and carbon neutral brand of PTA. 


Licensing advantaged PX and PTA technologies

We continue to explore further licensing opportunities in India for advantaged PX and PTA technologies; our current licenses include: 

  • A world-scale Purified Terephthalic Acid (PTA) plant (1.20 mtpa) with Indian Oil for their Refinery & Petrochemical complex in Paradip, Odisha 
  • The world’s largest Paraxylene (PX) plant (2.2 mtpa) with RIL at Jamnagar, Gujarat; the plant was fully commissioned during 3Q2017
      

Acetic Acid

Acetic Acid is a versatile chemical with a variety of applications in plastics, textiles, pharmaceuticals, paints, detergents, and surfactants; India is one of the largest markets in the world, importing more than 85% of its requirements. Through our joint ventures in Asia, we meet a large part of India’s demand, with bp-produced Acetic Acid holding a 30% market share. 

*On 29 June 2020, it was announced that bp had agreed to sell its petrochemicals business to INEOS.

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