INEOS Technologies announces that it has licensed its Innovene™ S process to Hyundai Engineering Co., Ltd. for the Turkmengas new greenfield world-scale petrochemical complex in the Balkan Region of Turkmenistan. The contract for construction of the gas chemical complex in Turkmenistan, including polyethylene, will be built by a consortium consisting of LG International Corporation, TOYO Engineering Corporation) and Hyundai Engineering Co. Ltd. This is the first Innovene™ S license awarded to INEOS Technologies in Central Asia.
The complex, which will be operated by Turkmengas, will include a 386,000 MTA line of High Density Polyethylene (HDPE) using Innovene™ S technology alongside a 50,000 MTA INEOS Black Compounding line.
Peter Williams, CEO of INEOS Technologies, commented: "INEOS is very pleased to support the development of the petrochemical industry in Turkmenistan with Turkmengas and Hyundai Engineering Co. Ltd. and look forward to working with both companies to ensure the successful start-up of this world-scale petrochemical complex on the Caspian Sea.”
The Turkmengas plant will serve their customers with a broad product range, including Bimodal PE 100 Pressure Pipe, ensuring a competitive advantage for their customers both in domestic and global markets.
The companies have now begun the engineering phase of the project.
ENDS
For further information please contact:
Pete Grant, INEOS Technologies
Telephone + 41 (0) 21 627 7085
Email: peter.grant@ineos.com
Notes to editors:
INEOS Technologies is a leading developer and licensor of technologies for the global petrochemicals industry. It offers the broadest range of petrochemical technologies on the market today and also supplies catalysts, additives and coatings that our customers require to obtain the best possible performance from their investments.
INEOS Technologies' complete portfolio of leading licensed technologies includes:
- Innovene™ PP - gas phase technology for the production of polypropylene
- Innovene™ S - slurry technology for the production of mono and bi-modal HDPE
- Innovene™ G -swing gas phase technology for the production of LLDPE and HDPE
- BICHLOR - membrane electrolyser technology for chlor alkali production
- Vinyls - technology for the production of EDC, VCM and PVC
- Nitriles - technology for the production of Acrylonitrile and Maleic Anhydride
- Polystyrene – general purpose, high impact and expandable PS technologies