Analytics

BP Plans to Allocate $200 Million for Enhancements to Petrochemical Plants in the United States and Belgium

BP has announced plans to invest over $200 million to upgrade its purified terephthalic acid (PTA) plants in South Carolina and Belgium. The investments will make these plants some of the most efficient PTA manufacturing facilities in the world. By applying the latest PTA technology, BP expects to improve feedstock and energy efficiency, reducing costs and greenhouse gas emissions. PTA is used to make polyester, which is found in a wide range of consumer goods. The Geel upgrade is expected to create around 100 construction jobs and will result in annual greenhouse gas reductions equivalent to eliminating the emissions of 1,500 Belgian households.

Sign in or sign up for a free account to read up to 3 full articles per month for free.
Sign up