PetroChina Fushun Selects Dow and Aker Kvaerner for PP Project in China

PetroChina Fushun Petrochemical Company has selected Dow’s UNIPOL™ Polypropylene Process Technology for its new 300 KTA polypropylene facility, and Aker Kvaerner will provide the extended process design package and technical advisory services. The plant will be built in Fushun, Liaoning Province, The People’s Republic of China, and is scheduled for completion in 2010. The world-scale facility is the fourth polypropylene plant in China over the past 24 months to use UNIPOL™ Polypropylene Technology from Dow Technology Licensing (DTL), a business group of The Dow Chemical Company.

“I am pleased that PetroChina Fushun has chosen UNIPOL™ Polypropylene Technology,” said Dr. Molly Peifang Zhang, business vice president, Dow Technology Licensing. “With this new license and the other three UNIPOL™ Polypropylene licenses in China within the past two years, Dow Technology Licensing has become a major player in polypropylene technology in China. Our customer-focused strategy and technological advantage will ensure the long-term success of our customers.”

This is the third polypropylene project in China that Aker Kvaerner has been awarded within the last year.

“The award of a further polyolefins project in China recognizes Aker Kvaerner’s extensive project competence in Dow’s technology and our strategic commitment to both PetroChina and the People’s Republic of China" said Johan Cnossen, president, AK Process, part of Aker Kvaerner.

Including the PetroChina Fushun project, UNIPOL™ Polypropylene Technology will be used globally to produce more than 10 million metric tons of polypropylene per year, which will be more than 16 percent of total global capacity.

The PetroChina Fushun license agreement includes production capability for the broadest range of polypropylene resins, including: homopolymers, random copolymers and impact copolymers for various grades of plastics. The well-proven UNIPOL™ Polypropylene Technology, high performance SHAC™ Catalyst Systems and other leading products available under the license agreement give PetroChina a cost-effective, long-term solution for addressing polypropylene demand.