Contact:

John Simley
847-391-2278
john.simley@honeywell.com

ORIENTAL ENERGY COMPANY LTD. STARTS PROPYLENE

PRODUCTION AT TWO FACILITIES USING HONEYWELL
TECHNOLOGY

Ningbo Fortune and YRPC together producing

1.2 million metric tons of propylene annually

DES PLAINES, Ill., May 31, 2017 – Honeywell (NYSE: HON) announced today that
Ningbo Fortune Petrochemical Co. Ltd. and Zhangjiagang Yangzi River Petrochemical Co.
Ltd. (YRPC), both subsidiaries of Oriental Energy Co. Ltd., each are producing 600,000
metric tons annually (MTA) of on-purpose propylene from propane with Honeywell UOP’s
C3 Oleflex™ process technology.
YRPC, located in Zhangjiagang in China’s Jiangsu Province, and Ningbo Fortune, in
Ningbo City in Zhejiang Province, are the fourth and fifth Chinese companies to
commercialize Honeywell UOP’s C3 Oleflex process to make propylene for plastics,
packaging and synthetic fibers. Global production capacity of propylene from Oleflex
technology now stands at approximately 6.8 million MTA.
“The demand for domestically produced on-purpose propylene continues to be very
strong in China due to the increasing demand for polypropylene and other downstream
chemical and plastic products,” said John Gugel, vice president and general manager of
Honeywell UOP’s Process Technology and Equipment business. “Through its integrated
supply chain position, Oriental Energy derives exceptional value from Oleflex technology.”
Until recently, 70 percent of the world’s propylene was produced as a byproduct of
making ethylene from petroleum. However, the increased use of ethane as a source of
ethylene produces almost no propylene. The resulting propylene supply gap has

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Honeywell UOP -- Oriental Energy Oleflex

necessitated the production of on-purpose propylene from propane dehydrogenation

technologies such as the Oleflex process.
Demand for propylene in China, which consumes more than 15 percent of the
world’s propylene, is growing more than 4 percent per year, according to the U.S. Energy
Information Administration.
Honeywell UOP’s C3 Oleflex technology uses catalytic dehydrogenation to convert
propane to propylene and is proven to have the lowest cash cost of production and the
highest return on investment among competing technologies. Its low energy consumption,
low emissions, and fully recyclable, platinum-alumina-based catalyst system minimizes its
impact on the environment. The independent reaction and regeneration systems allow
continuous use of catalysts for steady-state operations, which improves operating
flexibility, on-stream factor and reliability.
In addition to licensing technology from Honeywell UOP, YRPC and Ningbo Fortune
are using catalysts and adsorbents for their Oleflex units that are made at Honeywell’s
manufacturing site located in Zhangjiagang City. Honeywell UOP also provided the
engineering design, equipment, staff training and technical service for both projects.
Honeywell UOP also licenses C4 Oleflex technology, which converts isobutane to
isobutylene, the primary ingredient for making high-octane fuel and synthetic rubber.
Honeywell UOP’s Oleflex technology has been selected for 40 out of 47 projects globally
since 2011, including propane (C3), isobutane (iC4) and mixed C3/ iC4 service.
With headquarters in Nanjing City, Oriental Energy Company Ltd. was founded in
1996 to focus on the domestic and international trade of olefins, chemical storage, and
petrochemicals. The company develops clean energy and new materials in global olefin
markets for the development of the Chinese economy, and it is committed to becoming the
largest comprehensive olefins company in eastern China. It was listed on the Shenzhen
stock market in March 2008.

Honeywell UOP (www.uop.com) is a leading international supplier and licensor of process technology,
catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas
processing industries. Honeywell UOP is part of Honeywell’s Performance Materials and Technologies
strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), a
pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical,
chemical and other industries.

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific
solutions that include aerospace and automotive products and services; control technologies for buildings,
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Honeywell UOP -- Oriental Energy Oleflex

homes, and industry; and performance materials globally. Our technologies help everything from aircraft,
cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to
make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please
visit www.honeywell.com/newsroom.

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