Honeywell (HON) UOP signed a partnership agreement with China’s Wison Engineering Ltd. to jointly provide methanol-to-olefin (MTO) technologies and engineering, procurement and construction (EPC) services to customers outside of 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 fibers. It is a rapidly growing technology in regions rich in coal or natural gas but poor in crude oil, and that have high demand for plastics.
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.
Honeywell UOP’s Advanced MTO process converts methanol from coal and natural gas into ethylene and propylene. At the heart of the technology are UOP’s proprietary catalysts, which make it possible to efficiently adjust the ratio of propylene and ethylene produced, so operators can most effectively meet demand for those products. In addition, the Advanced MTO process offers the lowest operating cost, quick and efficient start-up and operational reliability.
