DES PLAINES, Ill., March 14, 2019 /PRNewswire/ -- Honeywell
(NYSE: HON) announced today that Jiangsu Sailboat Petrochemical
Co., Ltd. will use Honeywell UOP's C3 Oleflex™
technology to produce 700,000 metric tons per year of polymer-grade
propylene at its facility in Lianyungang City in China's Jiangsu
Province. Jiangsu Sailboat will expand its existing
facility, which uses Honeywell UOP's methanol-to-olefins (MTO)
process to produce ethylene and propylene. The facility's
additional output of propylene will further help China meet its demand for plastics used to
make a wide range of consumer goods.
Honeywell UOP, a leading technology provider for the oil and gas
industry, will provide licensing and a process design package,
equipment, on-site operator training, technical services, and
catalysts and adsorbents for the project.
"As demand for propylene derivatives for consumer products in
China continues to rise, UOP's
Oleflex technology provides greater energy and cost efficiency than
other propane dehydrogenation technologies," said Bryan Glover, vice president and general manager
of Honeywell UOP's Process Technology and Equipment business.
"Customers such as Jiangsu Sailboat also find the technology to be
environmentally preferable and provide a higher return on
investment."
Honeywell UOP's C3 Oleflex technology uses
catalytic dehydrogenation to convert propane to propylene. Its
low-energy consumption, low-emissions and fully recyclable,
platinum-alumina-based catalyst system helps minimize its impact on
the environment. It is designed to have a lower cash cost of
production and higher return on investment compared to other
technologies. The independent reaction and regeneration sections
enable steady-state operations, improved operating flexibility and
a high on-stream factor and reliability. Honeywell UOP also
licenses C4 Oleflex technology, which converts
isobutane to isobutylene, the primary ingredient for making
high-octane fuel additives and synthetic rubber.
Including this project, Honeywell UOP's Oleflex technology has
been selected for a majority of propane and isobutane
dehydrogenation projects globally since 2011. The agreement with
Jiangsu Sailboat marks Honeywell's 36th award in
China for its proprietary Oleflex
technology. Since the technology was first commercialized nearly 30
years ago, UOP has commissioned 31 Oleflex units for
on-purpose propylene and isobutylene production. Global production
capacity of propylene from Oleflex technology now stands at
approximately 7.3 million metric tons per year.
Jiangsu Sailboat Petrochemical Co., Ltd. is a wholly-owned
subsidiary company of Shenghong Holding Group located in Xuwei new
district Industrial Park, Lianyungang City, Jiangsu province. When fully completed, the
Sailboat olefins complex will produce more than 2.5 million tons of
short-supply high-end petrochemical products annually.
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 technology
company that delivers industry specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world
smarter, safer, and more sustainable. For more news and
information on Honeywell, please visit
www.honeywell.com/newsroom.
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SOURCE Honeywell