ICI seeks foreign tech partner for Pakistan PTA

On 6 Aug 2001, ICI Pakistan created a new company, Pakistan PTA, comprising its purified terephthalic acid (PTA) operations. ICI Pakistan plans to keep its 25% holding in Pakistan PTA, but ICI is sear…On 6 Aug 2001, ICI Pakistan created a new company, Pakistan PTA, comprising its purified terephthalic acid (PTA) operations. ICI Pakistan plans to keep its 25% holding in Pakistan PTA, but ICI is sear…

On 6 Aug 2001, ICI Pakistan created a new company, Pakistan PTA, comprising its purified terephthalic acid (PTA) operations. ICI Pakistan plans to keep its 25% holding in Pakistan PTA, but ICI is searching for an overseas technology company to purchase its 56.8% stake in the company. Pakistan PTA, which has the capacity to produce 400,000 tons per year of PTA, is currently making a loss. In 2 or 3 years“ time, however, ICI hopes to build a new PTA facility in Pakistan, with the involvement of the technology company holding the Pakistan PTA stake. Demand for PTA is expected to rise and a 35,000 tons per year expansion is planned by PTA Pakistan in the near future.