Honeywell International Inc.'s (HON) business unit, Honeywell UOP, has recently been selected by Jiangsu Sailboat Petrochemical Co., Ltd. to provide its state-of-the-art UOP technology in China. Notably, Jiangsu Sailboat will be using Honeywell UOP's C3 Oleflex technology for the production of 700,000 metric tons of polymer-grade propylene per year at its plant based in Lianyungang City, Jiangsu Province.
Jiangsu Sailboat’s existing facility currently leverages Honeywell UOP's methanol-to-olefins process for the production of ethylene and propylene. Notably, the expansion of this facility will support Jiangsu Sailboat’s intention to produce more propylene, which will cater to the growing requirement of plastics in China.
Honeywell UOP is a division of Honeywell's Performance Materials and Technologies strategic business group, which also comprises Honeywell Process Solutions. Per the deal, Honeywell UOP will be responsible for providing equipment, licensing and a process design package, catalysts, adsorbents as well as on-site operator training, among others.