Anchorage Investments Ltd is developing a polymer-grade propylene project. The terminal is located near the southern terminus of the Suez Canal. The plant will have a capacity of producing 750,000 metric tons/day of propylene.
Honeywell will provide C3 Oleflex™ technology licensing and basic engineering design. Further, it will also provide services, equipment, catalysts, and adsorbents to the plant.
The technology converts propane to propylene through catalytic dehydrogenation. According to Honeywell, the technology offers key advantages of lower energy usage, and reduced emissions, and comprises of completely recyclable, platinum-alumina-based catalyst system.
Earlier, in 2018, Honeywell agreed to offer the technology to Sidi Kerir Petrochemicals Co. (SIDPEC) in Egypt and to Sonatrach Total Entreprise Polymères (STEP) in Algeria in 2019.
The increased use of plastics in Africa resulted in a supply-demand gap for propylene, and the plant operator expects the technology to reduce the gap through the production of ‘on-purpose’ propylene from propane that is derived from natural gas or refining processes.