5 December 2018
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LyondellBasell (NYSE:LYB) today announced that
China Petroleum Materials Limited Corporation (CPMC) and
Petrochina Liaoyang Petrochemical Company (LYPC)
have selected LyondellBasell's Spherizone technology
for a 300KT per year polypropylene (PP) plant
planned to be built
at Liaoyang, Liaoning Province, China.
The Spherizone process is the newest
and most advanced polypropylene technology
expanding the product portfolio
beyond the traditional range of polypropylene grades.
Unlike other PP process technologies, it also allows
the production of entirely new families of
propylene-based polymers
using its unique multi-zone circulating reactor system.
This project represents
the ninth Spherizone line licensed in China.
With this license, the total design and operating capacity
of Spherizone lines in China
will exceed 3,000 kilotons per year.
Jim Seward,
Vice President technology business
and sustainability at LyondellBasell
“LyondellBasell is very pleased to expand its relationship
with Petrochina with this license at Liaoyang,”
“With the ability to produce products
having superior properties and performance,
the Spherizone process technology
is a new benchmark for polypropylene production.”
Mr. Li Guihe
Vice President of LYPC
"This process technology was selected through
an international bidding process
on the basis of the technical exchanges
with various licensees.
It has the extraordinary ability to produce
high value-added polypropylene products."
Mr. Chu Yuan Lin,
Vice President of CPMC
“LyondellBasell is the global leader
in polyolefin technologies;
we believe that successful cooperation
can bring good and long-term economic benefits
to the PetroChina companies.”
Media Contact:
David Greely
O: 713-309-4395
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