17 October 2011 23:21 [Source: ICIS news]
HOUSTON (ICIS)--Yanchang Petroleum Yanan Energy and Chemical has awarded US-based engineering firm KBR a process licence for a new olefins unit in China, KBR said on Monday.
The unit will use KBR’s Advanced Catalytic Olefins (ACOTM) technology, which catalytically cracks naphtha and other straight run feeds to produce olefins yields that surpass those available from traditional steam cracking technology, KBR said.
KBR said this was the first licence of the technology, which was developed jointly with South Korea’s SK Innovation.
KBR did not disclose the financial details of the agreement, nor did it disclose the start-up date of the new unit.
The engineering firm could not be immediately reached for comment.
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