Jiangsu Sailboat Petrochemicals to Start a New Methanol-to-Olefins Unit

Jiangsu Sailboat Petrochemical Company, Ltd. commences 833,000 metric ton capacity Methanol-to-Olefins (MTO) plant in China

China: Jiangsu Sailboat Petrochemical Company Ltd, a China based petrochemical manufacturer, has commissioned a Methanol-to-Olefins production facility. The company is wholly owned subsidiary of Shenghong Holding Group, based in Jiangsu province, Shanghai.

The new facility by Jiangsu after becoming fully operational would produce 833,000 metric tons of ethylene and propylene, annually. Propylene is used in manufacturing of clothing and fabrics, whereas ethylene has an application in manufacturing of adhesives, copolymers, etc.

Honeywell International Inc., a United States based leading technology provider, would provide UOP’s Advanced MTO process technology. The process would convert methanol from coal & natural gas into ethylene & propylene.

TechSci Research depicts that the new unit by Jiangsu Sailboat Petrochemical Company would allow better utilization of economical feedstocks such as coal &  natural gas. Additionally, this facility would increase the yield and efficiency of feedstock. Furthermore, the unit would ensure regular supply of ethylene and propylene to the customers.

According to the recently published report by TechSci Research, “Global Pet Coke to Chemicals Market By Derivative (Propylene, Ethylene, Oxo Chemicals, Methyl Acetate, Acetic Acid, Acetic Anhydride, etc.), By End Use Application, Competition Forecast and Opportunities, 2011 – 2025”, the global pet coke market is forecast to surpass $25 billion by 2025, on account of increasing industrialization and rising investments in the cement industry. Surging demand for pet coke as feedstock in various downstream industries such as chemical, construction, automotive, textile and consumer goods is expected to fuel growth in the global pet coke market during 2016 - 2025. In 2015, cement production dominated demand for pet coke across the globe and the segment is anticipated to continue its dominance in the market through 2025.