UOP LLC, a major company developing and delivering technology to the petroleum refining, petrochemical production, and gas processing recently announced that China has commissioned its second unit to produce propylene. Propylene is considered as a key petrochemical material used to produce useful chemical such as plastics, acrylic polymers, and acetone. The unit will use “C3 Oleflex” process technology, which involves the process of catalytic dehydrogenation. The technology is said to reduce the cost of production considerably and is environmental friendly. In addition, the company is said to provide engineering design, useful raw materials such as catalysts, adsorbents, and equipment along with offering staff training & technical support for the entire project. Zhejiang Shaoxing Sanjin Petrochemical Co., Ltd., which specializes in polypropylene production became the second Chinese company to commission a UOP C3 Oleflex process unit to produce propylene using propane. The step will significantly augment the production capacity of the unit to around 3.8 mln mt. Furthermore, the endeavor will result in fulfilling demand of propylene, across international markets.
According to Pete Piotrowski, senior VP & GM of UOP's Process Technology and Equipment business, "By 2020, 20% of the world's propylene production is expected to come from on-purpose propylene production technologies, and UOP is proud to be leading the development of this essential petrochemical with our Oleflex technology”. The development is significant for other manufacturers and new entrant market players to capitalize on the technology.
There are many reports in the market which tracks the recent market trends and growth opportunities of the global & Chinese propylene industry. Recently, Prof Research Reports has added a report titled “Market Research Report on Global and Chinese Propylene Industry, 2009-2019”. The report offers in-depth insight into the market dynamics in terms of market drivers and restraints, industry growth prospects, market strategies of key market players to consolidate their presence in the market.