TechnipFMC completes spin-off
TechnipFMC has split into two independent companies: TechnipFMC and Technip Energies.
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The upgrade is part of an expansion of the facility to incorporate propylene and polypropylene production and increase the supply of petrochemical products to domestic and international customers.
The EIA reports that heating and petrochemical demand in Asia have contributed to more US propane exports.
The technologies will be used at Shandong Yulong's planned petrochemical complex in Longkou, Shandong Province, China.
Dan Williamson, a spokesman for the project, said that there were "very substantive conversations going on with a number of companies".
Six technology licence agreements for the gas chemical complex have been signed with Chemtex, Scientific Design, Versalis, Haldor Topsoe, Grace and Sinopec.
The partnership will aim to advance the understanding of catalyst properties and their performance, while Clariant will also sponsor and collaborate in fundamental chemical research projects with the university.
The transaction is expected to close in 2Q21 subject to customary closing conditions and regulatory approvals.
The two companies will co-operate on strategic projects in Africa to provide and finance centrifugal pumps and associated equipment on attractive financing terms.
Hengyi Industries Sdn. Bhd., has selected Univation Technologies’ UNIPOL PE Process for its world-scale 600 000 tpy polyethylene plant to be located in Palau Muara Besar, Brunei.
