Petrochemical Industry Honeywell Provides Phenol Process Technology to Cepsa
Honeywell’s UOP Technology to helps Chinese petrochemicals Manufacturer to meet the growing demand from construction and automotive industries. Leading petrochemical process technology will support Cepsa Chemical’s production of building block materials for plastics used for fast-growing industries.
Shanghai/PR China – Petrochemical firm Cepsa buys process technology from UOP, a Honeywell subsidiary: The Shanghai based company will use UOP’s Phenol process to produce high quality phenol and by-product acetone, key building blocks for polycarbonate plastics used in construction and automobile production. The new facility will be built at the Shanghai Chemical Industry Park.
China is the world’s largest consumer of polycarbonate plastics, representing nearly 30 percent of global consumption. Demand is expected to grow by 13 percent annually during the next 10 years. The new complex in China will have a capacity of 250,000 MTA of phenol and 150,000 MTA of acetone, and will make Cepsa the second-largest producer of phenol in the world.
Producing Polymers for Growing Chinese Demand
“We are devoted to the Chinese market, and with this plant, Cepsa will have a network of facilities away from its home country in order to meet demand where the growth is taking place,” said Fernando Iturrieta, chief executive officer of Cepsa Química. “Despite recent, lower than expected growth figures, China will continue to be a growing market and Cepsa wants to be there. We are very proud of this project in Shanghai, as it is the first investment of Cepsa in Northern Asia.”
In addition to technology licensing, UOP will provide process design and start-up services for the Shanghai complex, which is expected to begin production in November 2014. The new phenol plant will be integrated with Cepsa Chemical’s cumene plant, which is being built at the same site.
A Global Phenol Network
“UOP and Cepsa have been technological partners across the entire value chain of the refining and petrochemicals industry for nearly 40 years,” said Pete Piotrowski, senior vice president and general manager of UOP’s Process Technology and Equipment business unit. “Cepsa, a top global phenol producer, currently operates three UOP Phenol units in Spain and our technology has a proven track record of performance and safety in those operations.”
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Phenol and acetone are important organic chemical intermediates. They are widely used in the production of polycarbonate, phenolic resin, caprolactam, bisphenol-A (BPA), salicylic acid, fibers, plastics, synthetic rubber, pharmaceuticals, dyes, coatings, and epoxy resins. China is the world’s fastest-growing market for phenol and acetone.