Technology License License Deal For Dow in China
A new oxo alcohols plant in Nanjing/China will employ Dow's and Davy Process Technology's propiertary OxoSM technology. The agreement marks the 15th license deal for this technology in China, Dow says.
Nanjing/PR China – Dow found a new Licensee in China: Together with Davy Process Technology (DPT), a Johnson Matthey company, they were able to sell their LP OxoSM SelectorSM 10 technology for its new oxo alcohols plant in Nanjing. With this technology, Wison Energy plans to expand the capacity at Nanjing to 125 kta of 2-ethylhexanol and 125 kta of butanols. The deal marks the 15th OxoSM license agreement for Dow and DPT in China.
"We are honoured Wison Energy has selected LP OxoSM Technology" said Antoine Bordet, Managing Director of DPT. "This will be our 47th LP Oxo project and we look forward to working with Wison Energy from process design to successful start-up".
Additionally, Dow and Wison Energy also signed a product purchase agreement whereby Dow will purchase a portion of product over a certain period of time from Wison Energy's LP Oxo plant. "Having simultaneously concluded both the license and product purchase agreements creates additional benefits. Wison Energy benefits from baseloading its new plant, and Dow benefits by gaining access to future product from a state-of-the-art facility," said Alan Robinson, Dow's Asian Business and Oxygenated Solvents and LP Oxo Technology Licensing Business Director.