Purified Terephthalic Acid Market Forecast to Reach $70.5 Billion by 2025 Increasing Penetration and Preference of Recycled PET in Developed and Developing Economies Further Driving Purified Terephthalic Acid Market Growth.
BriefingWire.com, 4/08/2021 - Purified Terephthalic Acid Market is forecast to reach $70.5 billion by 2025, after growing at a CAGR of 5.3% during 2020-2025. Purified Terephthalic Acid (PTA) is derived from crude oil, through chemical synthesis. Purified Terephthalic Acid (PTA) is majorly used in the production of polyester resin, which is used in the manufacture of polyester film, polyethylene terephthalate (PET) resin, and polyester fiber. Globally, development of efficient and advance technology, rising demand for polyester resin and Polyethylene Terephthalate (PET), growing textile, coating and packaging industries, and rising per capita consumption and the growing disposable income are the prime growth drivers of purified
Energy stocks edge higher
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Oil and Gas stocks rise
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NMPT pact with IOCL for bunkering facility
April 06, 2021
New Mangalore Port Trust on Tuesday signed an agreement with Indian Oil Corporation Ltd to provide bunkering facilities for vessels.
A press release by NMPT said that it had invited tenders from firms experienced in providing the facilities. IOC won the bid for a five-year period offering highest minimum volume of bunker offered by a firm, it said, adding the expected minimum cargo to be handled will be 90,000 tonnes annually.
Bunkering is a facility of supplying of fuel for use by ships and includes the shipboard logistics of loading fuel and distributing it among available bunker tanks.