INEOS licenses polypropylene process technology for new China project
12/19/2014 12:00:00 AM
INEOS Technologies has licensed its Innovene PP process for the manufacture of polypropylene homopolymers, random copolymers and impact copolymers to the Full-Tech (Changzhou) Chemistry & Development Co., officials announced on Friday.
Full-Tech is a subsidiary of Fund Energy Investment Holdings Co., based in Changzhou, China.
The 300,000-tpy Innovene PP plant will produce a wide range of polypropylene products to serve the growing market in China.
We are delighted that Fund Energy has chosen Innovene PP to establish their presence in the expanding PP market in China," said Peter Williams, CEO of INEOS Technologies. "INEOS Technologies' Innovene PP products have gained recognition as premium products in this demanding market.
The feedstock for the polypropylene plant will be produced using locally sourced propylene via a methanol-to-olefins (MTO) process.
"We chose Innovene PP Process because it offers broad product capability at low investment and operation cost," said Xia Ji, general manager of Full-Tech (Changzhou).
"The best quality of impact copolymer of Innovene PP has already been well recognized in China, which provides us a short cut into the premier market," he added.
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