#Yarn & Fiber

2017-08-31

INVISTA and CTCI sign strategic cooperation framework agreement

INVISTA and CTCI are pleased to announce that they have entered into an agreement for strategic cooperation. As part of the agreement CTCI will be nominated as INVISTA’s preferred contractor to provide engineering design services to licensees of INVISTA’s PTA technology.

The Parties have agreed to collaborate closely on the pursuit of PTA licensing opportunities and making further improvements to the PTA technology offering. This formal agreement builds upon the extensive collaboration between INVISTA and CTCI spanning over 20 years.

INVISTA is a leading licensor of process technologies, including the licensing of its proprietary purified terephthalic acid (PTA) technology, holding a majority share of the PTA technology licensing market. INVISTA’s latest PTA technology offering, ‘P8’, delivers industry leading variable cost performance through milder reactor conditions, improved energy integration and recovery. The process is a net exporter of electricity with a reduced environmental footprint as a result of low energy and water usage combined with reduced waste generation.

CTCI, Taiwan’s leading Engineering, Procurement, Construction (EPC) company has a global presence focused on Engineering design, Procurement, Fabrication, Construction, Project management, Pre-commissioning and commissioning. CTCI has vast experience in the engineering of PTA Plants, having completed multiple PTA projects (equivalent to ~35 million annual tonnes of TA capacity) worldwide, including world class PTA projects using INVISTA’s PTA technology up to 2.2 million tonne plant scale. CTCI is currently the designated engineering contractor on the first P8 PTA project in China.

During a recent visit to INVISTA’s Wilton offices, Mr. M.H. Wang, deputy CEO and Group Engineering Business EVP of CTCI Corporation, commented, “The successful implementation of INVISTA’s P7 PTA platform is attributed to the joint efforts of both the INVISTA & the CTCI teams. I look forward to a successful start-up of the first P8 PTA project and greater collaboration between both parties.”

Mr. Mike Pickens, president, INVISTA Performance Technologies, commented, “Over the past several years, we have been working closely with CTCI to execute major capital investments in PTA. The signature of this strategic cooperation framework agreement is another milestone in our evolving relationship. I look forward to a strong collaboration of both parties in creating long term value in the PTA industry worldwide.”

INVISTA’s latest PTA, polyester, BDO & THF/PTMEG technologies are available as a license package from INVISTA Performance Technologies. For more information, please visit www.ipt.INVISTA.com.

Mayer & Cie. Global gears up tor ITMA Asia 2026

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Vietnam’s market evolution creates new sourcing opportunities at VIATT 2027

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Circ and Huafon partner to scale textile-to-textile recycling in China

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SANITIZED and RUDOLF join forces to extend textile performance and wearability

Long-lasting performance textiles require solutions that address a wide range of consumer expectations, from lasting freshness and comfort to reliable protection against the elements. SANITIZED and RUDOLF are highlighting their latest innovations, demonstrating how specialized textile technologies can support the functional durability and wearability of modern apparel.

The beauty of imperfection: Officina39 explores denim's next chapters

Officina39 returns to Kingpins Amsterdam on October 14–15, booth White 01, with a creative and technological program that brings together its new Spring/Summer 2028 collection, advances in denim finishing and collaborations spanning design, fabric development, fashion and publishing. At the center of the presentation of the Italian company is a shared idea: that distinctive aesthetics, responsible chemistry and efficient industrial processes can evolve together, opening new creative possibilities for contemporary denim.