Aker Kvaerner awarded Purified Terephthalic Acid contract in China
21 September 2006 - Aker Kvaerner has signed a contract with JiaLong Petrochemical Fiber Company Limited to provide the basic engineering design and technical advisory services for JiaLong’s new Purified Terephthalic Acid (PTA) plant to be built at its petrochemical complex in ShiShi, Fujian Province, People’s Republic of China.
“Aker Kvaerner is delighted to have won this important contract with JiaLong Petrochemical Fiber,” said Wim van der Zande, President of AK Process. “We are the most experienced contractor in the execution of PTA projects utilising the INVISTA technology and in recent years much of that capability has been expanded through projects in China.”
Mr. Fu Shuquan, Chairman of Jialong Group: “JiaLong has developed one of the largest chemical fibre production bases in North China. With the completion of this world-class manufacturing facility, we see it contributing both to local demand in Fujian province and further afield. Aker Kvaerner’s considerable experience supports our goal for a successful and timely project delivery.”
The new plant will produce 600,000 tpa of PTA. The project commences immediately, and start-up of the new plant is scheduled for late 2008. The project will utilise advanced and proven PTA technology from INVISTA (formerly DuPont Textiles & Interiors).
Aker Kvaerner has worked on more than 20 PTA facilities spanning more than 20 years. Currently, that represents around 20 per cent of the world’s PTA production capacity.
PTA is the preferred raw material for polyester, first introduced in 1951. Today, PTA is used globally as a key ingredient in the manufacture of polyester fibres, resins and films and in the manufacture of PET.
AKER KVÆRNER ASA, through its subsidiaries and affiliates (“Aker Kvaerner”), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals, Power Generation and Pulp & Paper. The Aker Kvaerner group is organised into two principal business streams, namely Oil & Gas and E&C, each consisting of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.
The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 41.4 billion and employs approximately 23 000 people in more than 30 countries.
Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 50 000 employees and NOK 80 billion revenues. Aker owns 50.01 per cent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.
AK Process is a trading name of Aker Kvaerner Netherlands B.V. AK Process is one of the core businesses of the Aker Kvaerner group in Europe. AK Process serves the chemicals and polymers, refining and onshore oil & gas industries. It provides the full life cycle of a project from concept studies, through to design, engineering, project management, delivery of process technologies, procurement, construction and maintenance services. As a pure project execution/EPC specialist, AK Process can provide customers with strategic ’one-off’ services or full turnkey solutions under a single project management control.
The company works with its customers in the development of major technological innovations, having participated in the conceptualisation and implementation of ideas, which are the foundation for world-class production facilities.
JiaLong Petrochemical Fiber (ShiShi) Co. Ltd. Is the largest joint-stock company founded since the JiaLong Group was established. With a 45 per cent share, JiaLong Group is currently the largest shareholder in JiaLong Petrochemical Fiber. The JiaLong Group has invested in an area of some 50.2 hectares in the industrial zone of ShiShi city in Fujian Province. The first stage of the development of the complex will comprise two PTA production facilities, followed by a PX production facility.
This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com
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- SVP Group Communications
- Aker Kvaerner ASA
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