PetroChina Fushun Selects Dow and Aker Kvaerner for PP Project in China
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MIDLAND, Mich. and OSLO, Norway, 13 February 2008 - PetroChina Petrochemical Company has selected Dow's UNIPOL(TM) Polypropylene Process Technology for its new 300 KTA polypropylene facility, and Aker Kvaerner will provide the extended process design package and technical advisory services.
The plant will be built in Fushun, Liaoning Province, The People's Republic of China, and is scheduled for completion in 2010. The world-scale facility is the fourth polypropylene plant in China over the past 24 months to use UNIPOL(TM) Polypropylene Technology from Dow Technology Licensing (DTL), a business group of The Dow Chemical Company.
"I am pleased that PetroChina Fushun has chosen UNIPOL(TM) Polypropylene Technology," said Dr. Molly Peifang Zhang, business vice president, Dow Technology Licensing. "With this new license and the other three UNIPOL(TM) Polypropylene licenses in China within the past two years, Dow Technology Licensing has become a major player in polypropylene technology in China. Our customer-focused strategy and technological advantage will ensure the long-term success of our customers."
This is the third polypropylene project in China that Aker Kvaerner has been awarded within the last year.
"The award of a further polyolefins project in China recognizes Aker Kvaerner's extensive project competence in Dow's technology and our strategic commitment to both PetroChina and the People's Republic of China," said Johan Cnossen, president, AK Process, part of Aker Kvaerner.
Including the PetroChina Fushun project, UNIPOL(TM) Polypropylene Technology will be used to produce more than 10 million metric tons of polypropylene per year, which will be more than 16 percent of total global capacity.
The PetroChina Fushun license agreement includes production capability for the broadest range of polypropylene resins, including: homopolymers, random copolymers and impact copolymers for various grades of plastics. The well-proven UNIPOL(TM) Polypropylene Technology, high performance SHAC(TM)Catalyst Systems and other leading products available under the license agreement give PetroChina a cost-effective, long-term solution for addressing polypropylene demand.
PetroChina also selected UNIPOL(TM) Polypropylene Technology for its 200 KTA facility in Chengdu, GuangXi Province, and Aker Kvaerner is providing the basic engineering design and certain supply equipment.
For further information, please contact:
Media:
Jannik Lindbk, SVP Corporate Communication, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 977 55 622
UK: Vanessa Mourant, Communications Manager, Aker Kvaerner. Tel: +44 (0) 207 339 1064, Mob: +44 (0)7771 806566
The Netherlands : Johan Cnossen, President AK Process, Aker Kvaerner, Tel : +31 (0) 79 368 8555
Doug Brinklow, The Dow Chemical Company, Tel: +1 989 636 2320
Juno Chen, The Dow Chemical Company, Tel: + 86 21 3896 1687
Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact: Rodger Liang, VP Supply Management, Process & Construction, Aker Kvaerner, Tel: +86 10 640 966 36
Career opportunities:
Visit: http://akerkvaerner.com/Internet/CareerCentre
AKER KVARNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.
The parent company in the group is Aker Kvarner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 24 000 people in about 30 countries.
Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.
Aker Kvaerner's Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants. From initial concept through technology development, process technology application, design, procurement, construction, commissioning, operations, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services. Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.
AK Process is a trading name of Aker Kvaerner Netherlands BV a wholly owned subsidiary of AKER KVAERNER ASA and the legal entity responsible for the execution of the work. AK Process serves the chemicals and polymers, refining and onshore oil & gas industries. It provides the full life cycle of a project from concept studies, through to design, engineering, project management, delivery of process technologies, procurement, construction and maintenance services. As a pure project execution/EPC specialist, AK Process can provide customers with strategic 'one-off' services or full turnkey solutions under a single project management control. It works with its customers in the development of major technological innovations, having participated in the conceptualisation and implementation of ideas, which are the foundation for world-class production facilities. Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.
Dow - With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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 www.dow.com/licensing.
This press release was brought to you by Aker Kvaerner
