UOP wins technology deal for China propylene plant
Honeywell’s UOP has been selected by Fujian Meide Petrochemical Co. to provide key technology to help meet growing Chinese demand for propylene, a petrochemical used in plastics production.
The new propane dehydrogenation unit at the facility will use UOP's C3 Oleflex technology to produce propylene, a material used in the production of materials such as films and packaging.
UOP will provide engineering design, technology licensing, catalysts, adsorbents, equipment, staff training and technical service for the project at Fujian Meide's facility in Fujian City, Fujian Province, China.
The unit, expected to start up in 2014, will produce 660,000 tpy of propylene. It will be the largest propane dehydrogenation unit in the world to date.
China's propylene consumption accounts for more than 15% of worldwide demand and is growing at about 5% to 6% per year.
"With the licensing of our 20th unit, UOP Oleflex process technology now produces 5.5 million metric tons of propylene annually worldwide," said Pete Piotrowski, senior vice president for process technology and equipment at Honeywell's UOP.
"We remain committed to providing the advanced technologies and services that will help meet the growing demand and we look forward to working with Fujian Meide on this significant contribution."
Financial terms were not disclosed.
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