STAVIAN QUANG YEN PETROCHEMICAL PLANT USES TECHNOLOGY FROM HONEYWELL UOP AND BASELL POLIOLEFINE ITALIA

HA LONG, Vietnam, November 2, 2022 /PRNewswire/ — Stavian Quang Yen petrochemical plant announced it has selected technology licenses from Honeywell UOP (United States of America) and Basell Poliolefine Italia (Italy) for its polypropylene production. The project is expected Strengthening exports of petrochemical products to the international market and domestic needsj.

In the morning of November 1, 2022the signing ceremony of the technology license agreement for the Stavian Quang Yen Petrochemical Plant project took place Ha Long City, Quang Ninh Province. The event was attended by representatives of the Ministry of Industry and Trade, Quang Ninh people Committee and the representatives of the departments of Quang Ninh Province.

The project investors have selected technology licenses from Honeywell UOP and Basell Poliolefine Italia, two of the world’s leading cutting-edge technologies, for their polypropylene production. In addition to the cutting-edge technology, Stavian Quang Yen Petrochemical Plant will be equipped with a high-tech, automated and environmentally friendly production line imported from EU and G7 countries.

Specifically, as part of its sustainable commitment, Stavian Quang Yen Petrochemical signed a Memorandum of Understanding with Bac Tien Phong Industrial Zone to research and apply more advanced solutions to optimize water consumption in production.

Dinh Duc ThangChairman and CEO of Stavian Quang Yen Petrochemical JSC said:

“Polypropylene is an important feedstock for many manufacturing industries such as automotive, electronics, plastic, textile, medical, pharmaceutical, cosmetic, construction, packaging, FMCG, agriculture, etc. We believe that Stavian Quang Yen Petrochemical Plant Project will make a major contribution to Stavian Group’s significant growth and deliver high quality products to the regional and international market.”

At the event, representatives from Honeywell UOP and Basell Poliolefine Italia exchanged more detailed information on advanced and environmentally friendly technologies for polypropylene production. Accordingly, C3 Oleflex™ technology provided by Honeywell UOP has low energy consumption, low emissions and a fully recyclable platinum-alumina based catalyst system to help minimize environmental impact.

Keith CouchVice President of Business Development, Honeywell UOP commented:

“The C3 Oleflex™ process is the latest generation of propane to propylene conversion. This helps the plant flexibly utilize all available sources of propane on the market. Honeywell UOP has always applied the highest quality, safety, health and environmental standards in our technology design.”

Basell Poliolefine Italia’s Spheripol™ technology plays a critical role in polypropylene production and has significant product capability and versatility, demonstrated by hundreds of lines currently in commercial operation on the market. In addition, Spheripol™ is characterized by a safe, stable, energy-saving and environmentally friendly design.

Neil NadalinDirector of Global Licensing & Service, Basell Poliolefine Italia added:

“The choice of the Spheripol™ process will enable Stavian to produce polypropylene resins at the cutting edge of state-of-the-art process technology, enabling them to optimally serve the fast-growing market in China Asia.”

Up to now, the Stavian Quang Yen Petrochemical Plant project has almost completed its investment preparation procedures according to Vietnamese regulations. As a high quality source of polypropylene, the facility helps diversify the source of petrochemical products in both regional and international markets.

About Stavian Quang Yen Petrochemical

The Stavian Quang Yen petrochemical plant was built on an area of ​​30 hectares in the Bac Tien Phong Industrial Zone in Tien Phong Municipality. Quang Yen town, Quang Ninh Province. The project has an estimated total investment of up to $1.5 billion with a production scale of 600,000 tons of polypropylene per year. Stavian Quang Yen Petrochemical JSC is the investor of the project, whose main business is production and trading of petrochemical products. The company was founded by 02 main shareholders: Stavian Group and Yen Hung Liquid Port Joint Stock Company (YHLP).

SOURCE Stavian Quang Yen Petrochemicals

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