INVISTA and CTCI Sign Cooperation Agreement

On August 14, INVISTA and CTCI announced that they have entered into an agreement for strategic cooperation. As part of the agreement CTCI will be nominated as INVISTA’s preferred contractor to provide engineering design services to licensees of INVISTA’s purified terephthalic acid (PTA) technology.
The Parties have agreed to collaborate closely on the pursuit of PTA licensing opportunities and making further improvements to the PTA technology offering. This formal agreement builds upon the extensive collaboration between INVISTA and CTCI spanning over 20 years.
INVISTA’s latest PTA technology offering, ‘P8’, delivers industry leading variable cost performance through milder reactor conditions, improved energy integration and recovery. The process is a net exporter of electricity with a reduced environmental footprint as a result of low energy and water usage combined with reduced waste generation.
CTCI is Taiwan’s Engineering, Procurement, Construction (EPC) company. CTCI has vast experience in the engineering of PTA Plants, having completed multiple PTA projects (equivalent to about 35 million t/a of TA capacity) worldwide. CTCI is currently the designated engineering contractor on the first P8 PTA project in China.