WILTON, England--(BUSINESS WIRE)--INVISTA�s technology and licensing group, INVISTA Performance Technologies (IPT), and SASA Polyester Sanayi A.?. (SASA) reached an agreement on Aug. 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 tonnes, 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 Erdemo?lu, 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 honoured 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. For more information, please visit the IPT website at www.ipt.invista.com.
About INVISTA:
From the fibers in your carpet to the plastic in your automobiles, INVISTA�s commitment to continuous improvement has led its employees to develop some of the most durable, versatile polymers and fibers in the world. A subsidiary of Koch Industries since 2004, INVISTA brings to market the proprietary ingredients for nylon 6,6 and recognized brands including STAINMASTER�, CORDURA� and ANTRON�. INVISTA also offers specialty chemical intermediates and process technologies. See the bigger picture at INVISTA.com.
About SASA:
SASA is a leading producer in the world for polyester staple fibers, filament yarns, polyester-based and specialty polymers and intermediates (DMT). Combining and blending a leadership responsibility in industry with a powerful technical inheritance and a high production capacity, SASA successfully manages the whole process from design to production and distribution. SASA began its activities in the polyester sector in 1966.
Contacts
Kim Conlee
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