INDORAMA
Licensing deal to build, own, and run Chinese plant for propylene oxide, TBA, MTBE
 Officials celebrate the signing of the agreement (Photo: IVL) |
Global PET leader Indorama Ventures (IVL, Bangkok; www.indoramaventures.com) said it has signed “world-first” license agreement with China’s Shandong Binhua New Material, to build, own and operate a propylene oxide (PO), t-Butanol (TBA) and t-Butyl methyl ether (MTBE) co-production unit. Shandong Binhau is a subsidiary of Chinese petroleum group Befar (Binzhou, Shandong; www.befar.com), which produces caustic soda and propylene oxide among others, and is one of China‘s leading oil additive suppliers.
The project in Binzhou, Shandong province is to feature the world’s only MTBE “single-step” reaction technology – a proprietary innovation of IVL – and is part of the “C3 and C4” comprehensive utilisation project in Shandong, which is one of the largest in the province and covers more than 1 mn m2.
The plant’s annual capacity is to be 600,000 t of propylene, 800,000 t of butane isomerisation, 150,000 t of synthetic ammonia, 240,000 t of propylene oxide and 742,000 t of MTBE.
Related: Indorama with record Q1 earnings as recovery continues
IVL said it will provide a design package, technology, operational know-how, and training to enable the construction and operation of PO co-production with MTBE and TBA units.
The project in Binzhou, Shandong province is to feature the world’s only MTBE “single-step” reaction technology – a proprietary innovation of IVL – and is part of the “C3 and C4” comprehensive utilisation project in Shandong, which is one of the largest in the province and covers more than 1 mn m2.
The plant’s annual capacity is to be 600,000 t of propylene, 800,000 t of butane isomerisation, 150,000 t of synthetic ammonia, 240,000 t of propylene oxide and 742,000 t of MTBE.
Related: Indorama with record Q1 earnings as recovery continues
IVL said it will provide a design package, technology, operational know-how, and training to enable the construction and operation of PO co-production with MTBE and TBA units.
14.07.2022 Plasteurope.com [250744-0]
Published on 14.07.2022