UOP Selected by PetroChina for New Aromatics Project
Thursday January 18, 10:00 am ET
New Complex to Include World's Largest Para-xylene Production Plant
DES PLAINES, Ill.--(BUSINESS WIRE)--UOP LLC, a Honeywell company, announced today that PetroChina Company Ltd., a subsidiary of the China National Petroleum Corp. (CNPC), has selected UOP to supply technology, basic engineering services and equipment for an aromatics project to be installed at PetroChina's Urumqi facility.
Basic engineering design is underway, and commissioning of the complex, located in China's Xinjiang Uygur Autonomous Region, is scheduled for early 2009. CNPC is China's largest producer and supplier of oil and natural gas and is a major producer of refined oil products and petrochemicals.
The new plant will produce one million metric tons per annum of para-xylene and will include the largest-capacity, single-train adsorption unit for para-xylene production in the world. The Parex(TM) process will be used for the adsorption unit. Para-xylene is a key ingredient in the production of PTA (purified terephthalic acid), which is used to make polyester for fabric and PET (polyethylene terephthalate) chips for carbonated soft drink and water bottles. The new plant will also produce 360 thousand metric tons per annum of benzene.
In addition to the Parex unit, the complex will be comprised of other process units designed by UOP, including a CCR Platforming(TM) unit to convert naphtha, an oil-derived feedstock, to aromatics and hydrogen and an Isomar(TM) unit to convert other xylenes to para-xylene.
This will be the second aromatics complex UOP has designed for PetroChina's subsidiary, the Urumqi Petrochemical Co., Ltd. (UPC). UPC started up the first aromatics complex in western China in 1995, which contained units using the Parex, Isomar, and Tatoray(TM) processes designed and licensed by UOP. Globally, UOP has licensed more than 725 individual process units for the production of aromatics.
CNPC was ranked 9th among the world's top 50 petroleum companies by U.S. Petroleum intelligence Weekly in 2005, based on indices of oil and gas reserves, production, crude processing capacity, and sales of refined oil products and reported over 690 billion Yuan ($86.3 billion) in sales in 2005. PetroChina is CNPC's largest subsidiary and is responsible for its domestic operations in the areas of oil and gas exploration and development, oil refining and petrochemical production, marketing, pipeline transportation, and natural gas sales and utilization.
UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly-owned subsidiary of Honeywell International, Inc. and is part of Honeywell's Specialty Materials strategic business group.
Honeywell International is a $31 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index.
This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
Source: UOP LLC
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