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.
South African anti-apartheid hero and its first elected black President Nelson Mandela died at the age of 95 at his Johannesburg home. Although Mandela had been frail and ailing for nearly a year, President Jacob Zuma's announcement of the death of the former President and Nobel Peace Prize laureate shook the nation.
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