Honeywell's UOP Licensing TPC Group's Advanced Process Technology To Produce Key Ingredient For Synthetic Rubber
June 12, 2014
TPC Group Inc. and Honeywell's UOP have entered into an agreement for UOP to be the exclusive licensor of the proprietary TPC Group OXO-D' technology used to produce on-purpose butadiene, a key ingredient for making synthetic rubber.
The two companies will immediately begin working together to license TPC Group's proprietary OXO-D technology, which has been successfully operated for more than 40 years, commercially converting butene to butadiene for the production of synthetic rubber. The current OXO-D technology is the basis for TPC's current on-purpose butadiene project in commercial development now. The two companies will jointly develop further enhancements to OXO-D, the most efficient and low-cost method to make on-purpose butadiene, leveraging UOP's expertise in licensing and technology.
“Changes in refining and petrochemical production in recent years have caused butadiene production to not keep pace with rising demand. This ‚Äòbutadiene gap' can be closed with new technologies to produce on-purpose butadiene,” said Pete Piotrowski, senior vice president and general manager of UOP's Process Technology and Equipment business unit. “TPC helped found the modern on-purpose butadiene industry with its patented technology, and we look forward to commercializing new technology with them.”