date:Jun 20, 2013
British multinational oil and gas company BP and its partner Zhuhai Port have received final approval from the Chinese Government for the construction of a third purified terephthalic acid (PTA) plant, at Zhuhai, Guangdong.
PTA is a key feedstock for polyester used worldwide in food packaging and textiles.
The 'Zhuhai 3' plant will have a capacity of 1.25 million tons per year and is expected to go onstream in late 2014.
BP chief executive Nick Elmslie said the plant will be using BP's latest