LyondellBasell’s Spheripol technology selected for a new facility
LyondellBasell (NYSE: LYB), the world’s largest licensor of polyolefin technologies, announced in March, that Hyosung Vina Chemicals Co., Ltd. will use the LyondellBasell Spheripol technology for a new facility.
The process technology will be used for a 300 KTA polypropylene plant to be built in Cai Mep Industrial Zone, Vung Tau Province, Vietnam.
“This additional award for our Spheripol technology from Hyosung makes us particularly proud, as it once again demonstrates how confident operators are with our licensing offer,” said Jim Seward, Senior Vice President, R&D, Technology and Sustainability at LyondellBasell. Seward added, “The unmatched licensing track record of our polyolefin technology portfolio makes the Spheripol process the technology of choice in the polyolefin industry.”
Mr. Kyong Yong Cha, Vice President at Hyosung Corp., stated: “We are very satisfied with the outstanding project execution and support for the first Spheripol technology project at Hyosung Vina Chemical and we trust the wide range of products offered by LyondellBasell’s Spheripol technology will be a good choice for our additional polypropylene plant.”
Spheripol technology is the leading polypropylene process technology with more than 27 million tons of licensed capacity. The latest fifth generation Spheripol technology includes process improvements that further maximize operational efficiency. The plant will commence operations using Avant ZN catalyst.
New licensees can take advantage of LyondellBasell’s in-house expertise of continuous production improvement, sustainable product development and catalyst knowhow, by optionally joining their Technical Service program.
