Honeywell's UOP Oleflex Technology Commissioned by China in First of 14 Plans to Help Close Global Propylene Supply and Demand Gap
January 08, 2015
UOP LLC, a Honeywell company, has been commissioned for the first of 14 planned propylene production units in China. Honeywell’s UOP Oleflex™ process technology will help close the global supply and demand gap of propylene, a key building block in the production of plastics.
Traditionally, propylene is a byproduct of making ethylene, another key plastics building block. However, a shift in how ethylene is produced globally has meant less propylene byproduct is being produced, sparking investment in technology to create propylene from propane. Since 2011, UOP has licensed the C3 Oleflex process to more than a dozen producers to meet rising demand, with a majority of licensed capacity in China.
“China’s propylene consumption accounts for more than 15 percent of worldwide demand and is growing at about 5 to 6 percent per year,” said Pete Piotrowski, senior vice president and general manager of UOP’s Process Technology and Equipment business. “Oleflex technology has been demonstrated to have the lowest cash cost of production due to its efficiency, providing a significant operating advantage to our licensees, and we look forward to showcasing the commercial success of this technology in China.”
Download the propylene gap infographic here.