BP Rolls Out Process to Offset Europe Chemical Blues
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BP Plc is poised to roll out a new process for making acetic acid, a solvent used to produce plastic bottles, coatings and textiles, as the petrochemical maker turns to technology to counter weakened European markets.
The U.K. company is in the final throes of testing its SaaBre technology using different feedstocks than the established industrial process at a demonstration plant in Hull, England, and is poised to commercialize production, BP Global Petrochemicals Chief Executive Officer Nick Elmslie said at a briefing with media in London today.