Honeywell's UOP Chosen to Help Meet Growing Demand For Propylene in China
February 20, 2014
Honeywell's UOP announced that Ningbo Fortune Petrochemical Co. Ltd., a Chinese petrochemical producer, has selected UOP’s C3 Oleflex process technology to convert propane to propylene, a high value monomer used in plastics production.
This is the 18th license for UOP’s Oleflex technology worldwide since the beginning of 2011 as petrochemical producers move to meet the growing, global demand for light olefins. This is a repeat technology selection and strong endorsement for UOP Oleflex technology by Ningbo Fortune’s parent company Oriental Energy Co., Ltd. Oriental Energy is the primary investor in Zhangjiagang Yangzi River Petrochemical Co., Ltd., which announced in 2012 that it will license C3 Oleflex technology for a separate project at Zhangjiagang City, Jiangsu Province, China.
“Demand for propylene is expected to continue to be strong globally, especially in China,” said Pete Piotrowski, senior vice president and general manager of UOP’s Process Technology and Equipment business unit. “UOP is helping meet high demand with this proven technology and has licensed Oleflex to 12 Chinese propylene producers.”
For more information, read the press release.