DES PLAINES, Ill., Oct. 27, 2016 /PRNewswire/ -- Honeywell
(NYSE: HON) UOP announced today that China's Jilin Connell Chemical Industry Co.,
Ltd. has selected its Advanced Methanol-to-Olefins (MTO) process to
tap domestic coal resources to produce ethylene and propylene, the
essential ingredients for making plastics.
Jilin Connell is the ninth
company to license the Honeywell UOP technology, which produces
superior yields at lower cost compared to competing
technologies.
The new plant, scheduled for completion in 2017, will be located
in Jilin City in China's Jilin
Province, and will convert domestic sources of methanol into
300 kmta of ethylene and propylene. The new plant's offtake will be
supplied to ethylene oxide and propylene oxide manufacturers
currently operating in the same industrial park.
"Honeywell UOP's Advanced MTO technology is a proven process in
China, which is expected to invest
more than $100 billion in
coal-to-chemicals technology in the next five years," said
Mike Millard, vice president and
general manager of UOP's Process Technology and Equipment business.
"This technology has the highest yield of ethylene and propylene
with the lowest consumption of methanol and catalysts, as well as
the lowest operating and capital costs of any methanol-to-olefins
solution."
Ethylene and propylene are the two most widely used components
to make plastics in the world. Global demand for ethylene and
propylene is growing 4 to 5 percent per year, with growth driven by
strong demand for plastics and other chemicals, particularly in
China.
These components have traditionally been derived from crude oil.
For regions lacking domestic sources of crude oil, the Advanced MTO
Technology allows for the use of other more economical feedstocks
such as coal and natural gas.
Honeywell UOP's Advanced MTO process combines the UOP/Hydro MTO
process and the Total/UOP Olefin Cracking Process to significantly
increase yields and feedstock efficiency. The process converts
methanol from coal and natural gas into ethylene and propylene. At
the heart of the technology are UOP's proprietary catalysts, which
make it possible to efficiently adjust the ratio of propylene and
ethylene produced so operators can most effectively meet demand for
those products. In addition, the Advanced MTO process offers the
lowest operating cost, quick and efficient start-up and operational
reliability.
Jilin Connell Chemical Industry Co., Ltd. was established in
November of 2006 with operations in the Jilin Economic and
Technology Development Zone. The company's main products currently
include aniline, nitrobenzene, nitric acid and synthetic ammonia.
It also operates a 60,000-cubic meter per hour coal gasification
unit.
Honeywell UOP (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. Honeywell UOP is part
of Honeywell's Performance Materials and Technologies strategic
business group, which also includes Honeywell Process Solutions
(www.honeywellprocess.com), 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.honeywell.com/newsroom.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/chinas-jilin-connell-to-use-honeywell-uops-technology-to-make-plastics-from-coal-300352462.html
SOURCE Honeywell