Stavian Quang Yen Petrochemical Plant on Tuesday announced the selection of technology licences from Honeywell UOP (USA) and Basell Poliolefine Italia (Italy) for its polypropylene production. The project is expected to strengthen the domestic supply of petrochemical products and exports.
The signing ceremony for the Stavian Quang Yen Petrochemical Plant project took place in Ha Long City, Quang Ninh Province.
The project investors have selected technology licences from Honeywell UOP and Basell Poliolefine Italia, two of the world's leading advanced technologies, for its polypropylene manufacturing. Apart from the cutting-edge technology, Stavian Quang Yen Petrochemical Plant will be equipped with a high-tech, automated, and eco-friendly production line imported from EU and G7 countries.
Especially, as part of its sustainable commitment, Stavian Quang Yen Petrochemical signed a Memorandum of Understanding with Bac Tien Phong Industrial Zone on research and applying more advanced solutions to optimise water use in production.
Dinh Duc Thang, Chairman and CEO of Stavian Quang Yen Petrochemical JSC, said: “Polypropylene is an important input material for many manufacturing industries such as automobiles, electronics, plastics, textiles, medical, pharmaceuticals, cosmetics, construction, packaging, FMCG and agriculture. We expect that with Stavian Quang Yen Petrochemical Plant Project will attract more projects in these industries, creating a new wave of investment to promote sustainable and long-term socio-economic development in Quang Ninh and neighbouring localities.”
At the event, representatives of Honeywell UOP and Basell Poliolefine Italia had more in-depth talks on advanced and eco-friendly technology for Polypropylene production. Accordingly, the C3 Oleflex™ technology provided by Honeywell UOP has low energy consumption, low emissions, and a fully recyclable, platinum-alumina-based catalyst system to help minimise its impact on the environment.
Keith Couch, Vice President of Business Development, Honeywell UOP, said: “The C3 Oleflex™ process is the latest generation to convert propane to propylene. This helps the plant to flexibly use any available propane sources on the market. Honeywell UOP has always applied the highest standards of quality, safety, health protection, and environmental protection in our technology design."
Playing a crucial role in Polypropylene production, Basell Poliolefine Italia's Spheripol™ technology possesses significant product capability and versatility that is proven by hundreds of current commercially operated lines in the market. Besides that, Spheripol™ is also featured with a safe, stable, energy-saving, and eco-friendly design.
Neil Nadalin, Director of Global Licensing & Service, Basell Poliolefine Italia, said: “The selection of the Spheripol™ process will enable Stavian to produce benchmark polypropylene resins in state-of-the-art process technology, allowing them to serve the growing market in Asia.”
The Stavian Quang Yen Petrochemical Plant project has almost completed its investment preparation procedures in accordance with Vietnamese regulations. As there is so much potential for petrochemical production development in Viet Nam, the plant will contribute trillions of dong per year to the State Budget, creating thousands of highly skilled jobs. — VNS