Honeywell UOP, Wison collaborate methanol-to-olefins projects
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Honeywell UOP, Wison to collaborate on methanol-to-olefin projects

9:34 AM, 29th May 2017
Honeywell UOP logo

SHANGHAI, CHINA: Honeywell UOP has signed a partnership agreement with Wison Engineering Ltd to jointly provide methanol-to-olefin (MTO) technologies and engineering, procurement and construction (EPC) services to customers outside China.

Honeywell UOP's advanced MTO technology converts methanol from coal or natural gas into the olefins that form the basis for many types of plastic resins, films and fibres. It is a rapidly growing technology in regions rich in coal or natural gas but poor in crude oil, and that have a high demand for plastics.

As one of the leading chemical EPC service providers in China, Wison Engineering is developing opportunities for the MTO technology, particularly in countries included in China's Belt and Road Initiative, covering the historic trading route that stretches from China, through Central Asia to Western Europe.  

The agreement combines Honeywell UOP's advanced process technologies with Wison's strong EPC service capability, allowing them to help customers further improve olefin production capacity while reducing energy consumption and production costs.

"The Belt and Road initiative promises to raise the level of connectivity, cooperation and trade between dozens of nations that have traded with China for thousands of years. Honeywell is working with China's leading enterprises to bring economic development to these countries through its broad clean energy and chemicals technologies," said Rebecca Liebert, president and CEO of Honeywell UOP.

"We are excited to work with Honeywell UOP to bring the advanced MTO technology to customers in countries that traditionally have traded with China for centuries. MTO is an innovative technology that enables coal- and gas-rich regions in RussiaCentral Asia, the Middle EastSoutheast Asia, and as far as Europe and Africa, to make plastics from their own coal and natural gas," added Li Yansheng, chief engineer of Wison Engineering.

© Worldofchemicals News 



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