JBF Industries’ wholly owned subsidiary - JBF Petrochemicals, has entered into an agreement with BP for licensing BP’s latest generation Purified Terephthalic Acid (PTA) technology.
The company intends to build a 1.25 million tonnes per annum (tpa) unit at Mangalore SEZ, India, to produce PTA, the primary feedstock for polyesters used in textiles and packaging. Besides, it expects the Mangalore plant to come on stream at the end of 2014.
JBF Industries is engaged in the manufacturing of polyester chips, partially oriented yarn and polyester processed yarn/specialty yarn at its plants at Silvasa in the Union Territory of Dadra and Nagar Haveli and at Valsad (Gujarat). The company is one of the leading names in Polyester business in India.
