Dow and Davy License LP OxoSM Technology to PetroChina Sichuan Petrochemical Co., Ltd.
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Midland, MI; London and Beijing - November 28, 2007
PetroChina Sichuan Petrochemical Co., Ltd. (PetroChina) has chosen LP OxoSM SELECTORSM 10 Technology for its new facility in Chengdu, capital city of Southwest China's Sichuan Province, Peoples Republic of China. LP Oxo Technology is cooperatively offered by Dow Technology Licensing, a business unit of The Dow Chemical Company and its consolidated affiliates (Dow), and Davy Process Technology Limited, a Johnson Matthey company.
The Sichuan plant will include the largest custom designed single line low pressure hydroformylation unit built anywhere in the world, with a design production of 338,000 metric tons per year of normal- and iso-butyraldehydes. This train will supply two alcohol production lines, with the first slated to produce 81,800 metric tons per year of 2-ethylhexanol (2EH), and the second to produce 211,900 metric tons per year of normal butanol and 30,800 metric tons per year of iso-butanol. Design and engineering is scheduled to begin in December 2007 and start-up is planned for September 2010. The new LP Oxo facility is part of a grass-root petrochemical complex that PetroChina will construct centered on an 800,000 metric tons per year ethylene plant, which will be the largest in southwest China.
Dr. Molly Zhang, business vice president of Dow Technology Licensing said, "Davy and Dow have a long-standing relationship with PetroChina that goes back nearly 30 years. Our LP OxoSM Technology is already in place at PetroChina's Daqing and Jilin facilities, and we are honored that they have once again chosen LP Oxo Technology for their new facility in Chengdu."
At the contract signing ceremony in Beijing, Dr. David Tomlinson, president of Davy Process Technology, welcomed PetroChina Sichuan as the twenty-third LP Oxo licensee worldwide, and pointed out that the Sichuan oxo project would not only result in a truly global scale investment, it would also be the third that PetroChina had awarded the Davy Process Technology and Dow LP Oxo collaboration.
The contract covers the license, process design, procurement and technical services and certain proprietary equipment and materials.
About LP OxoSM Technology
LP OxoSM Technology is a low-pressure hydroformylation process that uses propylene and synthesis gas (a mixture of hydrogen and carbon monoxide) to produce normal- and iso-butyraldehydes. These butyraldehydes are then converted into 2-ethylhexanol (2EH) and normal- and iso-butanol. Butanols are used as solvents for coatings and adhesives, and 2EH is used to produce plasticizers for PVC. For more than 30 years, Davy and Dow have co-marketed and delivered LP Oxo Technology licenses and services. To date, 33 projects have been implemented in 15 countries, on four continents. LP Oxo Technology is recognized as the world's leading licensed oxo technology, contributing to more than 85 percent of the world's licensed propylene based oxo capacity.
About Davy Process Technology
Davy Process Technology has a global business in petrochemicals technology development and technology licensing. The company has headquarters in London, and it's Technology Centre in Stockton-on-Tees. It owns a range of proprietary process technologies such as Methanol, Gas Conversion Technologies, Butanediol, Natural Detergent Alcohols, Oxo Alcohols, Industrial Amines, Ethyl Acetate and Propylene Glycol. For further information, visit the company's website at www.davyprotech.com.
About Dow
Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $49 billion and employs 43,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
Dow Technology Licensing (DTL) is a business unit of Dow that markets technologies owned by The Dow Chemical Company, Union Carbide Corporation and their subsidiaries. DTL offers a portfolio of leading process and catalyst technologies to the petrochemical industry around the world. Our focus on research and development ensure the long term competitive advantages of our customers. The local dedicated client teams and technical resources provide timely comprehensive services to our customers. More information about Dow Technology Licensing can be found at http://www.dow.com/licensing.
For Editorial Information:
Doug Brinklow
The Dow Chemical Company
+1 (989) 636-2320
Michael H. J. Ashley
Davy Process Technology
+44 (0) 20-7957-3975
Marissa Peterson
Gibbs & Soell, Inc.
+1 (212) 687-2600 ext. 1252
mpeterson@gibbs-soell.com
