Wison Engineering to collaborate with Honeywell UOP on methanol-to-olefins projects
SHANGHAI — Honeywell 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.
“The Belt and Road initiative promises to raise the level of connectivity, cooperation and trade between dozens of nations that have traded with China for thousands of years,” said Rebecca Liebert, president and CEO of Honeywell UOP. “Honeywell is working with China's leading enterprises to bring economic development to these countries through its broad clean energy and chemicals technologies.”
“We are excited to work with Honeywell UOP to bring the Advanced MTO technology to customers in countries that traditionally have traded with China for centuries,” said Li Yansheng, Chief Engineer of Wison Engineering. “MTO is an innovative technology that enables coal- and gas-rich regions in Russia, Central Asia, the Middle East, Southeast Asia, and as far as Europe and Africa, to make plastics from their own coal and natural gas.
Ethylene and propylene, the two most widely used components to make plastics in the world, have been traditionally derived from crude oil. Global demand for ethylene and propylene is growing 4% to 5% per year, with growth driven by strong demand for plastics and other chemicals. MTO technology allows countries and regions that are rich in coal or natural gas to cost-effectively and efficiently convert these resources into valuable petrochemicals with high yield, at the lowest cost of production and lowest catalyst consumption.
Since 2011, Honeywell UOP has announced nine licenses for MTO technology in China. Wison Engineering was the first manufacturer that licensed Honeywell UOP Advanced MTO technology, and it has been the EPC for seven of the UOP Advanced MTO units in China, and the licensor for the olefins recovery section of these MTO units.
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