Global Terephthalic Acids Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2025

South Korean chemical plant fighting for survival
Lotte Chemical Pakistan Limited, the sole producer of pure terephthalic acid (PTA) that was inaugurated by Prime Minister Nawaz Sharif during his second government in late 90s, was crumbling due to dumping of imported acid from China and India.
http://tribune.com.pk/story/1097493/inconsistency-in-policies-south-korean-chemical-plant-fighting-for-survival/
 
JBF Industries up 3%, enters into agreement with ONGC Mangalore
The company's step down subsidiary JBF Petrochemicals has entered in to a long-term agreement with ONGC Mangalore Petrochemicals (OMPL) for supply of Paraxylene, the main raw material for production of purified terephthalic acid (PTA). In which, JBF Petrochemicals is in the process of commissioning a 1.25 million tonnes per annum purified terephthalic acid (PTA) plant, using technology from BP, at Mangalore SEZ, Karnataka.
http://www.moneycontrol.com/news/buzzing-stocks/jbf-industries3-enters-into-agreementongc-mangalore_6292621.html
 
Takeover of Cepsa's PET-related assets complete / “Stronger base in Europe”
Indorama Ventures completed its acquisition of the purified isopthalic acid, PET and PTA assets of Cepsa Química (Cadiz / Spain). The former subsidiary of Compañía Española de Petróleos will now operate as Indorama Ventures Química. Financial details of the deal were not disclosed. The fully integrated production facilities for PET and its feedstocks at San Roque / Spain include plants for 325,000 t/y of purified terephthalic acid (PTA) and 220,000 t/y of purified isophthalic acid (PIA), along with 175,000 t/y of PET polymer. 
https://www.plasteurope.com/news/INDORAMA_t233838/
 
Reliance Industries starts purified terephthalic acid plant in Dahej
Reliance Industries Limited (RIL) has announced successful commissioning of new purified terephthalic acid (PTA) plant having a capacity of 1150 kilo tons per annum (KTA) at Dahej, Gujarat. PTA is commonly used in polyester production including polyester fibre, polyethylene terephthalate (PET) bottle resin and polyester film. With this new plant, which has a capacity of 1150 kilo tons, Reliance Industries' total PTA capacity has been increased to 3.2 million metric tons per annum.
http://www.business-standard.com/content/b2b-chemicals/reliance-industries-starts-purified-terephthalic-acid-plant-in-dahej-115041300443_1.html
 
Indian Oil to invest Rs. 34,000 crore on petrochemical complex
IOCL is investing Rs. 34,000 crore on the petrochemical complex, roughly the same amount it spent on the refinery. Though IOCL had conceptualised the oil refinery and petrochemical complex at the same time, the petrochemical complex was kept in abeyance due to recession. Polymer units feel the polypropylene complex would be a huge boost to the local units, currently dependent on raw material imports from Haldia and Surat. Two more projects have been planned for the petrochemical complex 1,200 ktpa purified terephthalic acid (PTA) plant and petcoke gasification-based synthetic ethanol plant. Both projects would, together, cost IOCL Rs. 28,000 crore and are due to be commissioned by September 2021.
http://www.business-standard.com/article/companies/indian-oil-to-invest-rs-34-000-crore-on-petrochemical-complex-116012700500_1.html
 
Thai company acquires BP petrochemical plant in Alabama
Indorama Ventures Public Company Limited announced it has acquired the facility, which will be called Indorama Ventures Xylenes & PTA LLC. The company did not disclose a purchase price. BP announced the acquisition in January a couple of months after saying it would try to sell its Decatur site as part of a reorganization of its global petrochemicals business. The complex operates on 1,000 acres and can make 1 million tons of purified terephthalic acid, or PTA, per year for the production of polyester.
http://www.al.com/business/index.ssf/2016/04/thai_company_acquires_bp_petro.html
 
Oman firm signs pact with BP to build 1.1 Mn tons capacity purified terephthalic acid project in Sohar
British energy conglomerate BP and Oman International Petrochemical Industries Company (Ompet) have signed a license agreement for the latest technology from the former to build a 1.1 million tons per annum (tpa) capacity project in Sohar. Ompet, which is a joint venture of Oman Oil Company, LG International Corporation and Takamul Investment Company, will have a license for BP’s latest generation purified terephthalic acid (PTA) technology. Ompet plans to build a 1.1 million tonnes per annum unit at Sohar to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.
http://timesofoman.com/article/66692/Business/Economy/Ompet-plans-to-build-a-11-million-tonnes-per-annum-unit-at-Sohar-to-produce-PTA