DES PLAINES, Ill., Sept. 11, 2019 /PRNewswire/ -- Honeywell
(NYSE: HON) announced today that Zhejiang Satellite Petrochemical
Co., Ltd. is using Honeywell UOP's C3 Oleflex™
technology to produce 450,000 metric tons per year of polymer-grade
propylene for a new petrochemicals complex in China. This is the second C3
Oleflex unit now operating with Satellite. Honeywell UOP, a leading
provider of technologies for the oil and gas industry, delivered
Satellite's first Oleflex unit in 2014.
Oleflex technology is helping to meet the growing demand in
China for propylene, a key
ingredient in plastics. Oleflex technology has been selected for a
majority of dehydrogenation projects globally since 2011, including
applications for propane, isobutane, and mixed propane and
isobutane feeds.
In addition to technology licensing and basic engineering
design, Honeywell provided services, equipment, catalysts and
adsorbents for the Satellite plant.
"Zhejiang Satellite chose this second Oleflex unit based on the
operation of its first unit, which has been running for nearly five
years," said Bryan Glover, vice
president and general manager of Honeywell UOP's Petrochemicals and
Refining Technologies business. "The second unit started up and
quickly reached its design capacity, so the two units together now
can produce 900,000 metric tons per year of propylene."
Honeywell UOP's C3 Oleflex technology uses catalytic
dehydrogenation to convert propane into propylene, the primary
component of polypropylene. The technology is designed to have a
lower cash cost of production and higher return on investment
compared with competing technologies.
The technology's impact on the environment is minimized by its
low-energy consumption, low-emissions and fully recyclable,
platinum-alumina-based catalyst system. The independent reactor and
regeneration design of the Oleflex technology help maximize
operating flexibility and onstream reliability.
Propylene has historically been produced as a byproduct of
refining fuels, but demand for propylene has exceeded the supply
from refining processes. Propane dehydrogenation such as the
Oleflex process can bridge this gap by producing "on-purpose"
propylene from propane that is derived from natural gas as well as
from refining processes.
Zhejiang Satellite Petrochemical Co., Ltd. is the largest
acrylic acid and acrylates manufacturer in China and one of the largest in the world. The
company is an integrated manufacturer of propylene and downstream
products manufactured from propylene. Its products include
propylene, polypropylene, acrylic acid, glacial acrylic acid,
acrylate monomers, polymer emulsion and super absorbent resins.
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