BP plc (London; www.bp.com) and SOCAR Turkey Enerji A.Ş 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 unit, which will have capacity to produce 900,000 metric tons per year (m.t./yr) of PTA, at Aliağa, Turkey, expected to come on stream by 2023 once the final investment decision is taken.
“BP is committed to providing products and solutions to help our customers reduce their carbon footprint. We are proud to build on BP’s long-standing relationship with SOCAR Turkey to license and deploy this technology into their facility in Turkey. This is a testimony to the advantages of BP’s technology,” said Rita Griffin, chief operating officer, BP Petrochemicals.
Emil Eminov, SOCAR Turkey chief operating officer, said: “This investment is highly strategic for us, fulfilling our intent to create a value chain by integrating our newly-announced aromatics complex adjacent to the STAR refinery and PETKİM plant in Aliağa with the most competitive PTA technology. This will create the most competitive asset in Turkey and the Middle East and will serve the high demand for PTA in Turkey and surrounding regions.”