31 January 2008 18:56 [Source: ICIS news]
TORONTO (ICIS news)--UOP’s methanol-to-olefins (MTO) and cracking processes have been selected for a 1.3m tonne/year olefins complex in Lagos, Nigeria, the ?xml:namespace>
The project, by Singapore-based EuroChem, would be the first commercial-scale installation of the MTO process and olefins cracking process technologies, UOP said.
Mohan Vaswani, chairman of Viva Methanol, a subsidiary of EuroChem, said the project would provide 10,000 tonnes/day of methanol derived from natural gas after start-up in 2012, the world’s largest such facility.
UOP’s MTO technology was more cost effective than traditional olefins production from crude oil-derived feedstocks, he said.
Jim D’Auria, director of UOP’s petrochemicals business said the processes would provide a significant competitive edge to petrochemicals producers.
UOP did not disclose financial terms.
The company developed the MTO process jointly with Norsk Hydro, and the olefins cracking process jointly with Total Petrochemicals, it said.
UOP, part of Honeywell, is based in based in
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