INEOS Technologies wins second technology license contract for Chinese market
INEOS Technologies has licensed its ‘Innovene S Process’ for the manufacture of HDPE and MDPE to China Petrochemical International Company Limited for use at Sinopec Tianjin Petrochemical Company, Tianjin, China.
The 300-ktpa plant will produce a full range of Ziegler and Chrome monomodal and bimodal products for the Chinese market.
This is the second time that INEOS has licensed this process into China during the last year. In September 2005 INEOS licensed an 'Innovene S' 300-ktpa unit, including a downstream pipe compounding facility, to PetroChina International Company Limited, for their new major expansion project at Dushanzi, Xinjiang.
Peter Williams, CEO of INEOS Technologies, commented: "We are very pleased to have been selected as the licensing partner on these projects by two of the premier companies in China, and we look forward to working with both to deliver first class manufacturing assets based on our leading polyethylene technology."
For further information please contact:
Craig Welsh, INEOS Technologies Press Office
Phone: + 44 (0) 1928 511528
Notes to Editors:
INEOS Technologies is one of the companies in the INEOS family. With the recent acquisition of Innovene from BP, INEOS is now the world's third largest chemical company. The newly enlarged INEOS includes 68 manufacturing facilities in 14 countries throughout the world. It has approximately 15,600 employees, generating more than 30 million tonnes of petrochemicals and sales of around $33 billion.
INEOS Technologies is a leader in the field of technology licensing and catalysts/additives supply. INEOS Technologies has the widest range of technologies available today for the petrochemical industry including polyethylene, polypropylene, acrylonitrile, vinyls and chlor-alkali.