OREANDA-NEWS. BP’s Global Petrochemicals Business has total (net to BP) capacity at 18 locations in ten countries of 18.3 million tpa including 6.7 million tpa of PTA.

BP is one of the world's largest oil and gas companies, serving millions of customers every day in around 80 countries, and employing around 85,000 people. BP’s business segments are Upstream (oil and gas exploration & production), and Downstream (refining & marketing). Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbon basins and strong market positions in key economies.

BP’s PTA technology was originally developed in the USA during the 1950s and through successive iterations has continued to improve in terms of its capital and operating costs. BP’s latest iteration of PTA technology has been licensed to JBF Industries in India with 1.25 million tpa capacity and to Oman International Petrochemical Industries Company in Oman with 1.1 million tpa capacity. It is also in use at the BP Zhuhai joint venture in China whose latest facility of 1.25 million tpa capacity started production in Q1 2015.

Baota is a private company engaged in refinery, petrochemical, finance, education and technology. Baota Petrochemical Group Co., Ltd. is the core parent company of Baota, which owns six second-level parent companies, one listed company and one fund management company and its 148 affiliated subsidiaries. Baota has developed five petrochemical production bases in China, such as Yinchuan, Ningxia autonomous region, Zhuhai, Guangdong province and Kuishan, Xinjiang province. The Group owns a total of 20 billion yuan in assets and has 12,000 employees. It has also been ranked 6th among the Top 100 Enterprises in Ningxia autonomous region and 39th among China Top 500 chemical enterprises.