"With strong annual growth projected for polypropylene over the next several years, global producers like PetroChina appreciate the advantages of having both large-scale efficiency and the flexibility to adjust production," said Dr. Molly Peifang Zhang, business vice president, Dow Technology Licensing.  "UNIPOL(TM) Polypropylene Technology and the advanced SHAC(TM) Catalyst Systems give licensees the capability to achieve economies of scale and offer differentiated products to customers."

"Aker Solutions has collaborated with Dow Technology Licensing on numerous UNIPOL(TM) Polypropylene Technology lines around the world. We are very pleased with the award of this latest project, which reconfirms our in-depth knowledge of the process application requirements with this technology," said Johan Cnossen, president of Aker Solutions' process business.

PetroChina Sichuan is the fifth polypropylene plant in China to use UNIPOL(TM) Polypropylene Technology in the past two years.  For Aker Solutions, this marks its fifth polyolefins project in China over the same time period. 

With this facility and others being built in Fushun, Liaoning Province and QinZhou, GuangXi Province, PetroChina will have nearly 1 million tons of polypropylene capacity using UNIPOL(TM) Polypropylene Technology.  Aker Solutions was awarded the contracts for basic engineering design and technical advisory services for each of the three plants.

The PetroChina Sichuan license agreement includes production capability for the broadest range of polypropylene resins, including: homopolymers, random copolymers and impact copolymers for various grades of plastics.  The well-proven UNIPOL(TM) Polypropylene Technology, high performance SHAC(TM) Catalyst Systems and leading products available under the license agreement give PetroChina a cost-effective, long-term solution for addressing polypropylene demand. 

When this plant and others currently in the execution stage enter service, UNIPOL(TM) Polypropylene Technology will be used to produce nearly 11 million metric tons of polypropylene per year, which will represent more than 16 percent of total global capacity.

Aker Process BV is the legal entity responsible for the execution of the contract.

ENDS

 

 

Jannik Lindbæk, SVP Corporate Communication, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 977 55 622

UK: Vanessa Mourant, Communications Manager, Aker Solutions. Tel: +44 (0) 207 339 1064, Mob: +44 (0)7771 806566

The Netherlands : Johan Cnossen, Aker Solutions, Tel : +31 (0) 79 368 8555

Doug Brinklow, The Dow Chemical Company, Tel: +1 989 636 2320

Juno Chen, The Dow Chemical Company, Tel: + 86 21 3896 1687

 

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39

 

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact: Rodger Liang, VP Supply Management, Process & Construction, Aker Solutions, Tel:  +86 10 640 966 36

 

Career opportunities:
Visit: http://www.akersolutions.com/Internet/CareerCentre

 

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities. 

Aker Solutions' parent company is Aker Solutions ASA.  Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. Through its majority-owned holding company Aker Holding AS, Aker controls 40.27 percent of the shares in Aker Solutions, and takes an active role in the development of the company. 

The Process and Construction business area of Aker Solutions is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants.  From initial concept through technology development, process technology application, design, procurement, construction, commissioning, operations, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services.  Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.   

 

Aker Process BV is a wholly owned subsidiary of AKER SOLUTIONS ASA and the legal entity responsible for the execution of the work.  Aker Solutions serves the chemicals and polymers, refining and onshore oil & gas industries.  It provides the full life cycle of a project from concept studies, through to design, engineering, project management, delivery of process technologies, procurement, construction and maintenance services. As a project execution/EPC specialist, Aker Solutions can provide customers with strategic 'one-off' services or full turnkey solutions under a single project management control. It works with its customers in the development of major technological innovations, having participated in the conceptualization and implementation of ideas, which are the foundation for world-class production facilities. Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.

 

Dow - With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.

Dow Technology Licensing (DTL) is a business unit of Dow that markets technologies owned by The Dow Chemical Company, Union Carbide Corporation and their subsidiaries. DTL offers a portfolio of leading process and catalyst technologies to the petrochemical industry around the world.  Our focus on research and development ensures the long term competitive advantages of our customers.  The local dedicated client teams and technical resources provide timely comprehensive services to our customers. More information about Dow Technology Licensing can be found at www.dow.com/licensing.

®TM Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akersolutions.com