UOP LLC, a Honeywell company has announced that Ningbo Fortune Petrochemical Co. Ltd., 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 licence for the technology worldwide since the beginning of 2011 as petrochemical producers are moving to meet the growing global demand for light olefins. This is a repeat technology selection and 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 increase C2 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 tpy of propylene. In addition to technology, UOP will provide training, technological services, catalysts, adsorbents and equipment for the project.
Ningbo Fortune selected Oleflex for its stable catalytic performance and high product yields. Compared with competing processes, UOP’s C2 Oleflex technology has the smallest environmental footprint, lowest cash cost of production and highest return on investment.
Pete Piotrowski, senior VP and general manager of UOP’s process technology and equipment business unit said, ‘demand for propylene is expected to continue to be strong globally, especially in China. UOP is helping meet high demand with this proven technology and has licensed Oleflex to 12 Chinese propylene producers.’
Adapted from a press release by Claira Lloyd.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/21022014/propylene_contract_for_uop179/