WILTON, England — September 3, 2020 — INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), and SASA Polyester Sanayi A.Ş. (SASA) reached an agreement on August 25 for the license of IPT’s P8 process technology for SASA’s PTA project in Adana, Turkey.
With an annual PTA production capacity of 1.5 million metric tons, this would be the largest single-stream design capacity licensed by INVISTA. Built on the demonstrated performance of IPT’s P8 technology platform, the variable cost, capital productivity and environmental performance of this PTA plant is expected to set new benchmarks within the industry.
Ibrahim Erdemoğlu, SASA’s chairman, said: “SASA will continue to invest in polyester to position itself as the leading polyester producer after China and India. This agreement will enable self-sufficiency in PTA, terminating all PTA imports into Turkey. This is also the first step of SASA’s investment in petrochemicals with more investment in polyester, PTA and MEG to follow in Adana’s Yumurtalik district.”
Mike Pickens, IPT president, said: “Our companies have a long history of cooperation dating back to 1974, when SASA licensed IPT’s polyester technology. We are honored that our industry-leading P8 PTA technology has been selected by SASA. The signing of this license agreement has great significance in terms of long-term collaboration between SASA and IPT.”
IPT’s industry-leading PTA technology, including its latest version of P8 technology, is available as a license package from IPT.
Posted September 5, 2020
Source: INVISTA
