BP has completed an upgrade of its purified terephthalic acid plant in Charleston, South Caro 

lina, increasing  the  facility's  production capacity by  10%,  the  company  said  Wednesday. 

The expansion, part of a $200 million program, brings capacity at the Cooper River plant to 1. 

4 million mt/year. 

The upgrade will also cut the facility's carbon emissions by about 109,000 mt/year, the comp 

any said. 

"This project is a major step forward for the Cooper River facility, making it  one  of the  most 

efficient, environmentally conscious and cost-competitive in the industry, while also enabling 

it to produce one of the lowest-carbon products of its kind," said Luis Sierra, Global Aromatic

s CEO. 

The new  capacity  expansion is  online and  producing, a BP source confirmed  Wednesday. 

The improvements also will allow BP to produce a new low-carbon  brand of PTA,  as well  as 

what it says is the world's first certified carbon-neutral PTA. BP first began production of thes

e in Europe in 2016. 

PTA is a raw material used to make polyester and has applications ranging from fabrics to fo 

od and beverage containers. 

The formula-based June US PTA contract price remains unsettled. The May PTA price settle

d at 42.98 cents/lb ($947.54/mt), down 0.67 cents from April, according to S&P Global Platts 

data. US PX contract prices typically settle retroactively, with the formula-based US PTA price 

following. The June US PX contract price has yet to settle.