MOSCOW (MRC) -- LyondellBasell announced that Lianyungang Petrochemical Co., a subsidiary of Zhejiang Satellite, has selected its Hostalen Advanced Cascade Process (ACP) technology for a new high-density polyethylene (HDPE) facility to be built in China, as per Apic-online.
The plant, which will be located in Lianyungang, Jiangsu Province, will have a production capacity of 400,000 t/y of HDPE. Value of the license and a schedule for the project were not given.
"The market demands high-performance HDPE and LyondellBasell's multi-modal technology effectively meets these needs," noted Zhejiang Satellite Vice President Lu Wei Wei.
"Selecting LyondellBasell's low-pressure slurry process in our petrochemical complex will enable us to produce high-quality products reliably and economically."
As MRC wrote previously, in September 2016, LyondellBasell selected its La Porte, Texas, manufacturing complex as the site for a new high density polyethylene (HDPE) plant. The plant will be the first commercial plant to employ LyondellBasell's new proprietary Hyperzone PE technology and will have an annual capacity of 1.1 billion pounds (500,000 metric tons). Construction began in early 2017 with start-up planned for 2019.
LyondellBasell is one of the world's largest plastics, chemical and refining companies. The company manufactures products at 57 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive parts, home furnishings, construction materials and biofuels. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies.
MRC