Aker Kvaerner has been awarded a contract to provide the engineering, procurement and technical advisory support for two new pure terephthalic acid (PTA) plants to be built by a Chinese firm in the Far East.
PTA is used globally as a key ingredient in the manufacture of polyester fibres, resins and films.
The contract, valued between USD170-180 million, will be led from Aker Kvaerner’s Solent office in the United Kingdom.
According to a company statement, the scope of work comprises basic engineering, the supply of offshore equipment and materials, together with technical advisory services, for two 530 ktpa (thousand tonnes per annum) PTA plants.
The project will utilise INVISTA’s (formerly DuPont’s) advanced and proven PTA technology.
Wim van der Zande, President of AK Process, Aker Kvaerner’s European Process business, said, “We look forward to working on these very substantial and complex facilities. We are also pleased to continue our close working relationship with INVISTA; this is the seventeenth PTA project we have undertaken using their technology. We are continuously improving project execution of the PTA projects.”