Honeywell and Wison Engineering to collaborate on MTO projects
Honeywell UOP has signed a partnership agreement with China’s Wison Engineering to collaborate on providing methanol-to-olefin (MTO) technologies and engineering, procurement and construction (EPC) services to projects outside China.
The agreement will combine Honeywell UOP’s process technologies and Wison’s EPC service capability to improve olefin production capacity, while decreasing energy consumption and production costs.
Honeywell UOP president and CEO Rebecca Liebert said: "The belt and road initiative promises to raise the level of connectivity, cooperation and trade between dozens of nations that have traded with China for thousands of years.
"Honeywell is working with China’s leading enterprises to bring economic development to these countries through its broad clean energy and chemicals technologies."
Honeywell UOP’s advanced MTO technology converts methanol from coal or natural gas into the olefins that are used to develop plastic resins, films and fibres.
Wison Engineering chief engineer Li Yansheng said: "We are excited to work with Honeywell UOP to bring the advanced MTO technology to customers in countries that traditionally have traded with China for centuries.
"MTO is an innovative technology that enables coal and gas-rich regions in Russia, Central Asia, the Middle East, South East Asia, and as far as Europe and Africa, to make plastics from their own coal and natural gas."
Wison was the first manufacturer to license Honeywell UOP MTO technology.
Honeywell claimed that the advanced MTO process has low operating cost and provides rapid start-up with operational reliability.
Wison Engineering is a member of the Wison Group and a chemical EPC service provider in China.