May 2nd - INVISTA's advanced technology business and Hengli Petrochemical (Dalian) Co., Ltd. (Hengli) signed a technology licensing agreement, authorizing Hengli to use INVISTA's latest process technology to build its fourth fine benzene Formic acid (PTA) production line. All of Hengli's first three PTA production lines use INVISTA's technology. The first production line was put into operation in 2012. The total capacity of the first three production lines is 6.6 million tons/year. The fourth production line of PTA Design capacity of 2.5 million tons/year, built in Changxing Island, Liaoning Province, China.
Mr. Mike Pickens, President of INVISTA Advanced Technologies, stated: “We are very honored that Hengli has chosen our advanced, industry-leading P8 process technology for their new PTA project investment. We look forward to working with President Chen Lihua and its excellent The team's further close cooperation. '
This is the development and evolution of INVISTA PTA technology relaying the third PTA production line (capacity 1.52 million tons/year) of Asia East Petrochemical (Taiwan) Co., Ltd., which was successfully launched and was first applied to the production line of Jiaxing Petrochemical Co., Ltd. (capacity 220 10,000 tons/year) Another important milestone after P8 technology.