Honeywell's UOP Supports China's Growing Fuel And Petrochemical Demand
September 12, 2014
Honeywell’s UOP has been selected to produce key ingredients to help meet the growing demand for fuel and petrochemicals in China. Shandong Shouguang Luqing Petrochemical Co. Ltd. will use Honeywell’s UOP C4 Oleflex process technology to produce isobutylene, a key ingredient for making high-octane fuel and synthetic rubber.
China is the world’s largest energy consumer and producer, according to the U.S. Energy Information Administration, and it has an increasing need for fuel and everyday items such as tires, healthcare supplies and consumer products, which are produced from isobutylene.
“China needs to produce more isobutylene to support its rapidly increasing consumption needs, so we are pleased to announce another C4 Oleflex license to help meet this need,” said Pete Piotrowski, senior vice president and general manager of UOP’s Process Technology and Equipment business unit. “Oleflex technology is proven to have the smallest environmental footprint, the lowest cash cost of production, and the highest return on investment compared with competing technologies, and we look forward to continuing to offer this value in China and other parts of the world.”
For more information, read the press release.