SHANGHAI (July 5, 12 p.m. ET) — Wison (Nanjing) Clean Energy Co. Ltd. will use technology from Honeywell International's UOP LLC unit to convert methanol from natural gas or coal into olefins.
Honeywell announced that it will provide technology licenses, basic engineering, catalysts, adsorbents, specialty equipment and technical services for the plant, which is scheduled to start up in 2013.
The plant, in Nanjing, China, will be one of the world's first methanol-to-olefin production facilities. It is projected to produce 295,000 metric tons per year of ethylene and propylene for conversion to chemical products.
Wison (Nanjing) Clean Energy is fully owned by Shanghai-based Wison Group Holding Ltd.
UOP is based in Des Plaines, Ill., and is a unit of Morris Township, N.J.-based Honeywell.