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Business

BP Considers Sale Of Major Facility

by Michael McCoy
November 23, 2015 | APPEARED IN VOLUME 93, ISSUE 46

BP says it is exploring the sale of its Decatur, Ala., complex as part of a broader reorganization of its petrochemicals business. The Decatur plant produces up to 1 million metric tons per year of purified terephthalic acid (PTA), a polyester raw material, as well as p-xylene, a PTA raw material. It’s also the world’s only commercial producer of naphthalene dicarboxylate, a chemical used in specialty polyesters. One possible buyer is Indorama, which operates a polyester bottle resin plant adjacent to the BP facility.

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