Anchorage Investments selects C3 Oleflexâ˘ technology from Honeywell UOP
Honeywell announced today that Anchorage Investments Ltd. will use Honeywell UOPâs C3 Oleflexâ˘ technology to produce 750,000 metric tons per year of polymer-grade propylene for its new Anchor Benitoite petrochemicals complex in Suez, Egypt, near the southern terminus of the Suez Canal. Propylene is the primary component in a variety of plastic products that are rapidly growing in demand.
As part of the contract, Honeywell will provide technology licensing and basic engineering design, in addition to services, equipment, catalysts and adsorbents for the plant. This represents UOPâs third award for a C3 Oleflex unit in North Africa, following earlier wins in Egypt and Algeria.
âAnchor Benitoiteâs PDH unit is an important production unit in the project; being the upstream propylene-producing unit for the whole complex.â said Ahmed M. A. Moharram, Founder and Managing Director of Anchorage Investments. âThis underscores the significant importance of implementing Honeywell UOPâs well-proven and globally acknowledged propane dehydrogenation technology.
âThe increasing consumption of plastics in the region has created a growing gap between supply and demand for propylene, which has historically been a byproduct of refining fuels,â said Laura Leonard, vice president and general manager, Honeywell UOP Process Technologies. âOur Oleflex technology can bridge this gap by producing âon-purposeâ propylene from propane that is derived from natural gas or refining processes.â
Honeywell UOPâs C3 Oleflex technology converts propane to propylene through catalytic dehydrogenation. The technology is designed to have a lower cash cost of production and higher return on investment when compared to competing dehydrogenation technologies. Its low energy consumption, low emissions and fully recyclable, platinum-alumina-based catalyst system helps minimize its impact on the environment. The independent reactor and regeneration design of the Oleflex technology helps maximize operating flexibility and onstream reliability.
Oleflex technology has been selected for 71 dehydrogenation projects globally since 2011, including applications for propane, isobutane (iC4) and mixed propane and isobutane feeds.
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