MOSCOW (MRC) -- LyondellBasell has announced that CNOOC Oil and Petrochemicals Co., has selected the LyondellBasell Spherizone technology for a 400,000 tons per year polypropylene (PP) plant planned to be built at Huizhou, China, reported the company on its site.
"LyondellBasell Spherizone technology can deliver a wide range of high-quality PP products with low resource and energy consumption and we are pleased that CNOOC has again selected our technology for their new facility," said Bob Patel, LyondellBasell Senior Vice President, Olefins and Polyolefins for Europe, Asia, International, and Technology. "This is the fourth polyolefins process technology we have licensed to CNOOC and its joint venture, building on a relationship that spans more than 10 years."
Spherizone offers a multi-zone circulating reactor process providing an economical and efficient method of manufacturing a wide range of high-quality polypropylene and novel polyolefins resins all on a single-line with capacities of up to 500 KT per year. Low manufacturing and investment cost make Spherizone very attractive in the marketplace. Since the launch of the Spherizone process in 2004, more than 3.5 million tons of capacities have been licensed.
As MRC informed previously, in May 2014, LyondellBasell received a key permit required in the company's multi-plant ethylene expansion program which, when fully operational, is expected to increase annual ethylene capacity by an estimated USD3.12 billion, for a total estimated capacity of USD19.9 billion in North America. The ethylene expansion program began in 2013 and represents a total investment of approximately USD1.3 billion in the company's Channelview, La Porte and Corpus Christi, Texas plants which benefit from shale gas production.
LyondellBasell Industries NV is a manufacturing company. The company produces chemicals, fuels, and polymers used for packaging, clean fuels, durable textiles, medical applications, construction materials, and automotive parts. LyondellBasell Industries operates globally and is headquartered in the Netherlands. LyondellBasell is also a leading licensor of polypropylene and polyethylene technologies. The more than 250 polyolefin process licenses granted by LyondellBasell are twice that of any other polyolefin technology licensor.
MRC