BP (BP.L,BP_UN.TO,BP) and its partner, Zhuhai Port Co received final approvals from the Chinese Government for the construction of a third purified terephthalic acid plant, at Zhuhai, Guangdong.
The Zhuhai 3 plant will have a capacity of 1.25 million tonnes per year and is expected to start up in late 2014. Zhuhai 3 will be the first to employ BP's latest generation PTA technology.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.