INVISTA to license Green Chem’s FCC offgas technology outside China
8/27/2015 12:00:00 AM
INVISTA Performance Technologies (IPT) and Beijing Huiersanji Green Chem Co. (Green Chem), a Beijing-based technology licensing company, have reached an agreement to enable INVISTA to license Green Chems fluid catalytic cracking (FCC) offgas technology outside of China.
The process, which will be marketed as DTL process technology outside of China, is a dry-gas-to-liquids technology that allows for flexible conversion of light olefins, present in FCC offgas, into either gasoline and distillate or concentrated aromatics, significantly increasing their value.
This cost-effective solution captures the gas-to-liquids spread associated with FCC offgas upgrading and has a small equipment footprint when compared with process alternatives, according to company officials.
INVISTA has a strong capability in international technology licensing and engineering, said Ruichi Zhang, president of Green Chem. We are pleased this agreement will bring our technology to the world market.
Per this agreement, INVISTA gains the right to license the FCC offgas technology and supply Green Chems proprietary catalyst to licensees outside of China. Green Chems technology has already been licensed to refineries in China and will be made available globally through this agreement.
"The DTL process technology is a further expansion of IPTs licensing portfolio in an important sector," said Mike Pickens, INVISTAs IPT president. "We look forward to leveraging our global network to license this technology outside of China.
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