DES PLAINES, Ill., March 12, 2019 /PRNewswire/ -- Honeywell (NYSE:
HON) announced today that Phu My Plastics Production JSC will use
Honeywell UOP's C3 Oleflex™ technology to produce
polymer-grade propylene at its facility in Vietnam. The plant will help meet growing
domestic demand for plastics in Vietnam and other countries in Southeast Asia. This is the first award for
Honeywell's propane dehydrogenation technology in Vietnam.
Honeywell UOP will provide technology licensing for the Oleflex
process, the process design package, proprietary and
non-proprietary equipment, on-site operator training, technical
services for startup and continuing operation, and proprietary
catalysts and adsorbents.
Honeywell UOP's C3 Oleflex technology uses
catalytic dehydrogenation to convert propane to propylene. Its
low-energy consumption, low emissions and fully recyclable,
platinum-alumina-based catalyst system helps minimize its impact on
the environment. It is designed to have a lower cash cost of
production and higher return on investment compared with competing
technologies. The technology's independent reaction and
regeneration sections enable steady-state operations, improved
operating flexibility, and high on-stream reliability.
"This Oleflex unit will use low-priced and widely available
propane to make propylene, which can be made into polypropylene,
one of the most important materials for making plastics," said
Bryan Glover, vice president and
general manager of Honeywell UOP's Process Technology and Equipment
business. "This new capacity will enable Vietnam to meet its own rapidly growing
domestic demand for plastics, supplanting propylene products that
it currently imports."
Honeywell UOP, a leading technology provider for the oil
and gas industry, also
licenses C4 Oleflex technology, which converts
butanes to butylenes, the primary ingredient for making high-octane
fuel additives and synthetic rubber. Including this project,
Honeywell UOP's Oleflex technology has been selected for a majority
of propane and isobutane dehydrogenation projects awarded globally
since 2011.
Since the technology was first commercialized in 1990, Honeywell
UOP has commissioned 30 Oleflex units for on-purpose propylene
and isobutylene production. Global production capacity of propylene
from Oleflex technology now stands at more than 7.3 million metric
tons per year.
Phu My Plastics Production JSC is mainly engaged in the
manufacture and sale of plastic packaging. The company's leading
products include laminated polypropylene (PP) and polyethylene (PE)
bags, flexible intermediate bulk containers (FIBCs), as well as
woven PP sheets, among others. These products are consumed in
Vietnam, and exported to overseas
markets, including Brazil,
France, Indonesia, Malaysia and Thailand.
Honeywell UOP (www.uop.com) is a leading international supplier
and licensor of process technology, catalysts, adsorbents,
equipment, and consulting services to the petroleum refining,
petrochemical, and gas processing industries. Honeywell UOP is part
of Honeywell's Performance Materials and Technologies strategic
business group, which also includes Honeywell Process Solutions
(www.honeywellprocess.com), a pioneer in automation control,
instrumentation and services for the oil and gas, refining,
petrochemical, chemical and other industries.
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world
smarter, safer, and more sustainable. For more news and
information on Honeywell, please visit
www.honeywell.com/newsroom.
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SOURCE Honeywell