26 May 2017
DETAILS
Mr. Liu Haijun, President of Wison Engineering, and
Ms. Rebecca Liebert, President and CEO of Honeywell UOP,
shook hands after agreement signing.
Mr. Hua Bangsong, Chairman of Wison Group,
attended the signing ceremony and witnessed this moment.
Wison Engineering Services Co. Ltd.
,one of the leading chemical engineering, procurement
and construction ("EPC") management service
and technology providers in China,
announced today that its non-wholly owned affiliated company,
Wison Engineering Ltd.
("Wison Engineering"),
has signed a collaboration agreement on
international methanol to olefins (MTO) projects
with Honeywell (NYSE: HON) UOP
to jointly provide MTO technologies
and engineering, procurement and construction (EPC) services
for customers outside of China.
The agreement combines
* Wison's own proprietary olefin separation technology
and strong EPC service capability
* with Honeywell UOP's advanced process technologies,
allowing both parties to help overseas customers
further improve olefin production capacity
while reducing energy consumption and production costs.
Leveraging on its engineering expertise,
Wison Engineering has successfully developed
its own proprietary olefin separation technology
which encompasses a core technology of
"pre-cutting + oil absorption".
This technology has been applied to
the coal to olefin plants
in ten projects of various scales in China and
four of them have successfully commenced operation.
The technology achieved the highest recovery rate
in commercialized use in 2016, reaching top standard
in the industry globally.
As one of the leading chemical EPC service providers in China,
Wison Engineering is developing opportunities
for the MTO technology,
particularly in countries
included in China's Belt and Road Initiative,
covering the historic trading route that stretches
from China, through central Asia to Western Europe.
Wison was the first manufacturer
that licensed Honeywell UOP Advanced MTO technology,
and Wison Engineering has been the EPC contractor
or engineering services provider
for seven of the UOP Advanced MTO units in China,
and the licensor for the olefins separation
and recovery section of five of these MTO units.
Rebecca Liebert,
President and CEO of Honeywell UOP
"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."
Li Yansheng,
Chief Engineer of Wison Engineering
"We are glad to work with Honeywell UOP
to bring the Advanced MTO technology
of both parties 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, Southeast Asia,
and as far as Europe and Africa,
to make plastics from their own coal and natural gas."
"We have a long history of cooperation with Honeywell
and the close cooperation
between Wison Engineering and Honeywell UOP
on overseas offerings is an important milestone,"
"Together we can provide our customers
with a complete set of best-in-class MTO technologies
and project management services, achieving
energy consumption reduction
and ensuring maximum product recovery."
WWW.CHEMWINFO.COM BY KHUN PHICHAI
