BP and China’s Zhejiang Petroleum and Chemical Corp. (ZPCC) have signed a memorandum of understanding (MoU) to explore the creation of a new equally-owned joint venture to build and operate a 1 million tpy acetic acid plant in eastern China. The proposed facility – in Zhoushan, Zhejiang Province – would deploy BP’s CATIVA XL technology to produce acetic acid. The potential new plant, which would be an addition to ZPCC’s major integrated refining and petrochemical manufacturing complex at Zhoushan, would be BP’s largest acetic acid producing site in the world.
