DES PLAINES, Ill., Aug. 12, 2015 /PRNewswire/ -- UOP LLC, a
Honeywell (NYSE: HON) company, announced today that Shandong
Chambroad Holding Co., Ltd. has become the first company in
China to commission a combined
C3/C4 dehydrogenation unit to meet growing
demand in Asia for plastics,
high-octane gasoline and synthetic rubber.
The new unit, which is the first of three in China, uses Honeywell UOP's
C3/C4 Oleflex™ process technology to
produce propylene, a building block for making plastics, packaging
and synthetic fiber, and isobutylene, a component used for
high-octane gasoline and synthetic rubber. The unit, which is only
the second of its kind in the world, successfully started up in May
and all production targets have been accepted. Two other Chinese
producers have also licensed the technology for start up in
2017.
"As the demand for transportation fuels and petrochemicals
continues to grow in China,
petrochemical companies there see a real benefit from integrating
processes," said Mike Millard, vice
president and general manager of Honeywell UOP's Process Technology
and Equipment business. "The start up of the first combined
C3/C4 Oleflex unit in China is a milestone in the region's
petrochemical production, and it will help Chambroad manage market
conditions more efficiently."
China consumes more than 15
percent of the world's propylene and its demand is growing more
than 4 percent per year, according to the U.S. Energy Information
Administration. At the same time, gasoline demand is expected to
grow in China as a result of a
growing middle class and higher car sales.
Honeywell UOP's C3/C4 Oleflex
technology uses catalytic dehydrogenation to convert propane to
propylene and isobutane to isobutylene. Using mixed
dehydrogenation, the processes are combined to produce both
materials in a single unit. The technology is proven to have the
lowest cash cost of production and the highest return on investment
compared with competing technologies.
Located in Binzhou City, Shandong
Province, the new unit will produce 116,000 metric tonnes
per year of propylene and 104,000 metric tonnes per year of
isobutylene.
Honeywell UOP's C3/C4 Oleflex
technology has also been licensed by two other Chinese producers.
Dongming Petrochemical Group will produce 265,000 metric tonnes per
year of propylene and isobutylene, and Dongying Liyuan will produce
220,000 metric tonnes per year of propylene and isobutylene using
the process. Both facilities also will use Honeywell UOP's
Butamer™ process, which converts normal butane into isobutane
to increase feedstock flexibility for the Oleflex process.
Shandong Chambroad selected Oleflex technology over other
processes due to the superior economics, proven reliability and
successful track record of other Honeywell UOP dehydrogenation
units in operation. Honeywell UOP has licensed the only two
C3/C4 dehydrogenation units operating in the
world today.
Shangdong Chambroad Holding Co., Ltd. is a private
enterprise that provides petrochemical processing, biochemical
manufacturing and plant fiber production, among others.
Dongying Liyuan is a subsidiary of the Shandong Wantong
Petrochemical Group, which owns the largest oil and gas storage
and transportation facilities in Dongying
Port, China.
Shandong Dongming Petrochemical Group is an integrated
petrochemical and energy technology development company. It is one
of the top 500 largest companies in China.
UOP LLC (www.uop.com) is a leading international supplier
and licensor of process technology, catalysts, adsorbents,
equipment, and consulting services to the petroleum refining,
petrochemical, and gas processing industries. UOP is a wholly-owned
subsidiary of Honeywell International Inc. and is part of
Honeywell's Performance Materials and Technologies strategic
business group, which also includes Honeywell Process Solutions, a
pioneer in automation control, instrumentation and services for the
oil and gas, refining, petrochemical, chemical and other
industries.
Honeywell (www.honeywell.com) is a Fortune 100
diversified technology and manufacturing leader, serving customers
worldwide with aerospace products and services; control
technologies for buildings, homes, and industry; turbochargers;
and performance materials. For more news and
information on Honeywell, please visit
www.honeywellnow.com.
This release contains "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934. All
statements, other than statements of fact, that address activities,
events or developments that we or our management intend, expect,
project, believe or anticipate will or may occur in the future are
forward-looking statements. Forward-looking statements are based on
management's assumptions and assessments in light of past
experience and trends, current conditions, expected future
developments and other relevant factors. They are not guarantees of
future performance, and actual results, developments and business
decisions may differ from those envisaged by our forward-looking
statements. Our forward-looking statements are also subject to
risks and uncertainties, which can affect our performance in both
the near- and long-term. We identify the principal risks and
uncertainties that affect our performance in our Form 10-K and
other filings with the Securities and Exchange Commission.
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SOURCE Honeywell