Honeywell’s latest generation technologies and equipment will be used by China’s Ningxia Baota Chemical Fiber Co., Ltd. to build an energy-efficient petrochemical complex. The Yinchuan City, Ningxia, China, complex, expected to come online in 2018, will produce valuable petrochemicals as well as high-quality gasoline.
The new complex will be the first in China to use Honeywell UOP’s energy efficient aromatics complex design to convert heavy naphtha, a product of the oil refining process, into 800,000 metric tons per year of high-purity para-xylene. Para-xylene is the primary component for making synthetic fibers, packaging and plastics, and it is in high demand in Asia. The plant will also produce 520,000 metric tons per year of high-quality gasoline and 200,000 metric tons per year of benzene, a basic petrochemical building block.
“Nowhere in the world is para-xylene demand growing as fast as it is in Asia,” said Mike Millard, vice president and general manager of Honeywell UOP’s Process Technology and Equipment business. “UOP’s next-generation aromatics technology combines the latest catalysts and adsorbents with an energy-efficient design to reduce energy consumption by as much as 20 percent, helping achieve the lowest cost of operation for para-xylene producers in the industry. With UOP technology, Ningxia Baota can become a more competitive player in the Asian para-xylene market, which accounts for 83 percent of the global para-xylene demand.”