PetroChina Sichuan Selects Dow and Aker Solutions for PP Project in China
Midland, MI; Oslo, Norway and Beijing, China - July 29, 2008
PetroChina Sichuan Petrochemical Co., Ltd. (PetroChina Sichuan) has selected UNIPOL™ Polypropylene Process Technology from Dow Technology Licensing for its new 450 KTA polypropylene facility in Chengdu, Sichuan Province, and Aker Solutions will provide the process design and technical advisory services. The PetroChina Sichuan facility will be one of the largest single-train polypropylene facilities in The People’s Republic of China. The plant will be part of PetroChina Sichuan’s 800 KTA ethylene complex in Chengdu, and is due on-stream in 2010.
“With strong annual growth projected for polypropylene over the next several years, global producers like PetroChina appreciate the advantages of having both large-scale efficiency and the flexibility to adjust production,” said Dr. Molly Peifang Zhang, business vice president, Dow Technology Licensing. “UNIPOL™ Polypropylene Technology and the advanced SHAC™ Catalyst Systems give licensees the capability to achieve economies of scale and offer differentiated products to customers.”
“Aker Solutions has collaborated with Dow Technology Licensing on numerous UNIPOL™ Polypropylene Technology lines around the world. We are very pleased with the award of this latest project, which reconfirms our in-depth knowledge of the process application requirements with this technology,” said Johan Cnossen, president of Aker Solutions’ process business.
PetroChina Sichuan is the fifth polypropylene plant in China to use UNIPOL™ Polypropylene Technology in the past two years. For Aker Solutions, this marks its fifth polyolefins project in China over the same time period.
With this facility and others being built in Fushun, Liaoning Province and QinZhou, GuangXi Province, PetroChina will have nearly 1 million tons of polypropylene capacity using UNIPOL™ Polypropylene Technology. Aker Solutions was awarded the contracts for basic engineering design and technical advisory services for each of the three plants.
The PetroChina Sichuan 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™ Polypropylene Technology, high performance SHAC™ Catalyst Systems and leading products available under the license agreement give PetroChina a cost-effective, long-term solution for addressing polypropylene demand.
When this plant and others currently in the execution stage enter service, UNIPOL™ Polypropylene Technology will be used to produce nearly 11 million metric tons of polypropylene per year, which will represent more than 16 percent of total global capacity.
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About Aker Solutions ASA
Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organized in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.
Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24,000 people in about 30 countries.
Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. Through its majority-owned holding company Aker Holding AS, Aker controls 40.27 percent of the shares in Aker Solutions, and takes an active role in the development of the company.
The Process and Construction business area of Aker Solutions 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.
Aker Process BV is a wholly owned subsidiary of AKER SOLUTIONS ASA and the legal entity responsible for the execution of the work. Aker Solutions 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 project execution/EPC specialist, Aker Solutions 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 conceptualization and implementation of ideas, which are the foundation for world-class production facilities. Also offered are consultancy services in reliability, business modeling and environmental, health, safety and risk management.
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For Editorial Information:
Doug Brinklow
The Dow Chemical Company
(989) 636-2320
Vanessa Mourant
Aker Solutions
+ 44 20 7339 1064