JBF Petrochemicals in deal to license BP tech
JBF said it intends to build a 1.25 million tonnes per annum (tpa) unit at Mangalore SEZ to produce PTA, the primary feedstock for polyesters used in textiles and packaging. The company expected the Mangalore plant to go on stream by the end of 2014.
Mr B.C. Acharya, Chairman, JBF Industries Ltd, said the investment would meet the company's requirements for captive PTA at the lowest possible cost. It would also make the integrated operations in India and the UAE competitive.
Soaring temperatures and heat waves have gripped North India, as locals try to beat it by drinking fluids and covering themselves as they drive their vehicles. The effect of the rising temperatures was visible in Allahabad, where scores of people turned up to take bath in the Ganges river to beat the heat.
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