KBR Announces First License for the Advanced Catalytic Olefins (ACOTM) Process
October 17 2011 - 4:05PM
Business Wire
KBR (NYSE: KBR) today announced it was awarded a License and
Process Design Package contract for a new olefins production unit
using the Advanced Catalytic Olefins (ACOTM) technology. This
award represents the first license using this innovative technology
which catalytically cracks naphtha and other straight run feeds to
produce olefins yields which surpass those available from
traditional steam cracking technology.
Shaanxi Yanchang Petroleum Yanan Energy and Chemical Co., Ltd.
will construct and operate the plant which will be constructed in
Luoyang Village, Fucheng Town, Fu County, Shaanxi Province, China.
The ACO Converter will have a capacity of approximately 200 kta of
olefins (ethylene plus propylene).
ACO technology is developed jointly by KBR and SK Innovation.
The keys to this novel technology are the development of a
proprietary catalyst and optimization of operating conditions by SK
Innovation coupled with the know-how of KBR in the design of fluid
bed reactors and olefins production facilities. In October of 2010,
SK Innovation successfully started up and operated an ACO
Demonstration unit at its facility in Ulsan, South Korea, which met
the expectations of both companies.
“This is a historic moment not only for KBR, SK Innovation and
Yanchang, but also for the petrochemical industry,” said John
Derbyshire, President, KBR Technology. “Our collaboration on this
award and the successful startup of the Demonstration plant last
year underscores SK Innovation and KBR’s shared commitment to
developing innovative technology solutions for customers across the
globe.”
The ACO process provides a highly attractive alternative to
naphtha steam crackers, offering higher olefins production at lower
cost.
“Yan’an Energy & Chemical Company is honored to be the first
commercial user for ACO technology in the world,” said Wang Jiaxin,
General Manger, Yanchang Petroleum Yan’an Energy & Chemical
Company. “We went through a very strict technical comparison and
evaluation before we made the decision to choose ACO technology.
Compared with the traditional steam cracking technology, we believe
ACO has many obvious advantages and is therefore much more suitable
for our situation. We will work closely together with KBR and SK
Innovation to build a plant that successfully demonstrates the
technology.“
“With the conclusion of this contract, the foundation is laid
for the expansion of ACO technology into the global market and I’m
confident this cutting edge technology, the value of which SK
Innovation will continue to bolster, will deliver new value and
strong growth globally,” said Dr. DS Kim, President of SK
Innovation Global Technology.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services, minerals,
civil infrastructure, power, industrial, and commercial
markets. For more information, visit www.kbr.com.
SK Innovation, former SK Energy, is one of the world’s leading
energy and petrochemical companies with US$ 38 billion in sales (as
of 2010). SK Innovation’s leadership allows it to maintain
competitive advantages in regional refining and petrochemical
markets while penetrating new markets around the world through a
diversified business portfolio. For more information visit
http://eng.skinnovation.com.
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