First License of More Sustainable Isononyl Alcohol Production Process to Be in China
02 June 2020 - 8:52AM
Dow (NYSE: DOW) and Johnson Matthey (LSE: JMAT) today announced
China-based company, Zibo Qixiang Tengda Chemical Company, Ltd.
(SZSE: 002408, QXTD) has selected LP OxoSM Technology to
produce isononyl alcohol (INA) at its new manufacturing facility.
“QXTD will be the first in the industry to take advantage of our
process technology for more sustainable INA production,” said Donna
Babcock, global business director for Industrial Solutions, a
business segment of Dow. “This technology requires a smaller
manufacturing footprint and less energy consumption compared to
typical INA production processes, without a loss in efficiency and
throughput.”
INA is often used to make plasticizers of Diisononyl Phthalate
(DINP), Diisononyl Adipate (DINA), and Triisononyl Trimellitate
(TINTM). Primarily used in the PVC industry, products made using
INA can be found in automotive, wire, cable, and conducting
applications, among others. Given the evolving health and
environmental regulations associated with downstream applications,
INA is well positioned to grow above industry average with its
unique properties that meet these needs.
“We are happy to have been able to finalize our license
agreement despite the impacts of COVID-19,” said Mr. Zhang Jin,
Chairman of Cedar Holdings, the parent group of QXTD. “This
licensed process will differentiate us in the industry as we are
able to bring new INA volume online to enable downstream products
with improved health and environmental profiles.”
“JM science is put to work every day to enhance lives, create a
positive contribution to a cleaner and healthier world, and help
keep our economy going. This will be our 56th license of LP
OxoSM Technology in partnership with Dow, building on our
current portfolio with our new INA process,” said John Gordon,
Managing Director for Johnson Matthey. “We are committed to
bringing value to QXTD and look forward to working with them
through the design phase and commissioning of this innovative
technology.”
The plant will be built at QXTD’s integrated petrochemical
complex in Zibo City, China and produce 200,000 metric tons of
annual capacity. The plant operation is expected to come online in
2023.
To date, the suite of LP OxoSM Technology has been licensed
into a significant number of projects across 15 countries,
representing a majority of the world's oxo alcohols capacity
licensed over the past 45 years. Licensees are provided design and
technical support at every step and performance warranties to
ensure success. Learn more at www.dow.com.
About Dow Dow (NYSE: DOW) combines global
breadth, asset integration and scale, focused innovation and
leading business positions to achieve profitable growth. The
Company’s ambition is to become the most innovative, customer
centric, inclusive and sustainable materials science company. Dow’s
portfolio of plastics, industrial intermediates, coatings and
silicones businesses delivers a broad range of differentiated
science-based products and solutions for its customers in
high-growth market segments, such as packaging, infrastructure and
consumer care. Dow operates 109 manufacturing sites in 31 countries
and employs approximately 36,500 people. Dow delivered sales of
approximately $43 billion in 2019. References to Dow or the Company
mean Dow Inc. and its subsidiaries. For more information, please
visit www.dow.com or follow @DowNewsroom on
Twitter.
About Johnson Matthey Johnson Matthey is a
global leader in science that enables a cleaner and healthier
world. With over 200 years of sustained commitment to innovation
and technological breakthroughs, we improve the performance,
function and safety of our customers’ products. Our science has a
global impact in areas such as low emission transport,
pharmaceuticals, chemical processing and making the most efficient
use of the planet’s natural resources. Today around 15,000 Johnson
Matthey professionals collaborate with our network of customers and
partners to make a real difference to the world around us. For more
information, visit www.matthey.com. Inspiring science,
enhancing life.
Zibo Qixiang Tengda Chemical Company, Ltd.
(“QXTD”) QXTD was founded on January 4, 2002 and launched
IPO in Shenzhen Stock Exchange, China on May 18, 2010. It has grown
to the largest C4 deep processing base in China, and even in the
world. In 2019, QXTD achieved a breakthrough revenue of over 30
billion RMB, ranked 302 in Fortune China Top 500 Corporate. QXTD
has C4 deep processing for the main business with more than 20
kinds of products, including MEK of 260 kta (the world largest
producer), butadiene, isobutylene, tert-butanol, MTBE, butadiene
rubber, carboxylated styrene butadiene latex and so on. For more
information, visit www.qxtdgf.com.
For further information, please contact: Kayla Susko +1 (989)
633-6436 ksusko@dow.com Jennifer Rennick +1 (732) 996-1666
jennifer.rennick@matthey.com Zibo Qixiang Tengda Chemical Company,
Ltd. Investor Relations Tel: +86-533-7544231/7547782
SM Servicemark of The Dow Chemical Company ("Dow") or an
affiliated company of Dow
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