19 June 2013 05:28 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Zibo-based Qixiang Tengda Chemical announced on Wednesday that it has selected UOP LLC’s process technologies for its proposed 450,000 tonne/year alkane dehydrogenation project to produce olefin and other products.
Under an agreement signed between the two companies, UOP will license its Oleflex and Butamer technologies to the Chinese partner, Qixiang Tengda said in a statement.
The project, which uses isobutene as feedstock, can produce 100,000 tonne/year of propylene, 350,000 tonne/year of MTBE, 200,000 tonne/year of isooctane and 50,000 tonne/year of tert-butanol, it said.
Qixiang Tengda plans to issue convertible bonds to finance the yuan (CNY) 1.2bn ($196m) project.
($1 = CNY6.13)
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