US Honeywell wins another deal to license MTO process in China
08 November 2012 14:54 [Source: ICIS news]
HOUSTON (ICIS)--Honeywell has won another contract to license its methanol-to-olefins (MTO) technology to a chemicals producer in ?xml:namespace>China, the US-based industrial and technology firm said on Thursday.
The MTO process, by Honeywell's UOP petrochemicals technology business, converts methanol from coal into key plastics building blocks.
Honeywell said that China's Shandong Yangmei Hengtong Chemicals will use the process to produce ethylene and propylene at a plant in Tancheng, Linyi City, in China's Shandong province.
Production is expected to start up in 2014, Honeywell said without disclosing financial details.
Shandong Yangmei Hengtong said last month that the project is expected to produce about 150,000 tonnes/year of ethylene and 150,000 tonnes/year of propylene.
Honeywell previously won contracts to license the MTO technology to China's Wison (Nanjing) Clean Energy and to Jiutai Energy (Zhungeer).By: Stefan Baumgarten+1 713 525 2653
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