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12^th March 2019 | Plastics Manufacturer In Vietnam Taps Honeywell Technology To Produce Propylene

Phu My Plastics Production JSC to become first in Vietnam to use Honeywell’s Oleflex™ propane dehydrogenation technology

DES PLAINES, Ill., March 12, 2019 — Honeywell (NYSE: HON) announced today that Phu My Plastics Production JSC will use Honeywell UOP’s C₃ Oleflex™ technology to produce polymer-grade propylene at its facility in Vietnam. The plant will help meet growing domestic demand for plastics in Vietnam and other countries in Southeast Asia. This is the first award for Honeywell’s propane dehydrogenation technology in Vietnam.

Honeywell UOP will provide technology licensing for the Oleflex process, the process design package, proprietary and non-proprietary equipment, on-site operator training, technical services for startup and continuing operation, and proprietary catalysts and adsorbents.