PetroChina subsidiary to use technology from Johnson Matthey Davy Technologies, Dow Chemical, to produce 85,000 tonnes of 2-ethylhexanol, 235,000 tonnes of normal butanol, 33,000 tonnes of iso butyraldehyde annually at petrochemical complex in China

MIDLAND, Michigan; LONDON and SHANGHAI , August 9, 2013 (press release) – Johnson Matthey Davy Technologies (“JM Davy”) and The Dow Chemical Company (NYSE: DOW) announced that PetroChina Guangdong Petrochemical Company, a subsidiary of PetroChina Company Limited (PetroChina), China’s largest oil and gas producer and distributor, has selected LP OxoSM Technology to produce 2-ethylhexanol, normal butanol and iso butyraldehyde in its major petrochemical complex in Jieyang, Guangdong, China.

The new LP Oxo SM unit, with a capacity of 85,000 metric tons of 2-e thylhexanol, 235,000 metric tons of normal butanol and 33,000 metric tons of iso-butyraldehyde on a yearly basis, will adopt JM Davy and Dow’s LP Oxo SM SELECTOR SM 10 Technology with advanced liquid phase hydrogenatio n which features a high conversion of propylene to alcohols, low capital investment and easy operation.

PetroChina enjoys a long history of cooperation with JM Davy & Dow and their predecessors in the field of oxo alcohols licensing, whose first technology licensing project can be traced back to Petrochina Daqing project which started up in Heilongjiang province in 1986. At that time, JM Davy, in collaboration with Dow, licensed PetroChina Daqing Petrochemical Company a ~90kta Butanol and 2EH plant, which was later retrofitted and expanded. In addition to the Daqing projects, JM Davy & Dow’s LP OxoSM Technology has been licensed to Petrochina projects in Jilin and Chengdu.

“LP OxoSM SELECTOR SM Technology provides remarkable advantages such as low feedstock and energy requirements and significant savings in capital investment. We have every confidence that it will continue to perform strongly in the Jieyang project as it has in other Petrochina projects.” said Faye Miller, Licensing Commercial Director, Oxygenated Solvents business, Dow.

“We are honoured PetroChina Guangdong Petrochemical C ompany has selected LP OxoSM Technology for one of the largest grass root oxo alcohol plant in the world” said Antoine Bordet, Managing Director of JM Davy. “This sixth LP Oxo licence with a PetroChina group company endorses JM Davy and Dow’s long term commitment in providing best in class oxo alcohols technology to our customers. The combination of advanced technology and leading world scale capacity will bring

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