Only on Che.com :: Latest News
February 20, 2014
UOP’s Oleflex technology selected for petrochemical plant in China
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell (NYSE: HON) company, announced that Ningbo Fortune Petrochemical Co., 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. Oriental Energy is the primary investor in Zhangjiagang Yangzi River Petrochemical Co., which announced in 2012 that it will license C3 Oleflex technology for a separate project at Zhangjiagang City, Jiangsu Province, China.
Ningbo Fortune will install the technology at its facility in Ningbo City, China. Production is expected to begin in 2016 with a licensed capacity of 600,000 metric tons of propylene per year. In addition to technology, UOP will provide training, technological services, catalysts, adsorbents and equipment for the project.