MOSCOW (MRC) -- Lummus Technology has announced that its Novolen business has been selected as the polypropylene (PP) licensor by Anchorage Investments for its Anchor Benitoite project in Suez, Egypt, according to Hydrocarbonprocessing.
Lummus' scope includes the technology license for a 590,000 tonnes/year PP unit as well as basic design engineering, training and services, catalyst supply and operator training simulator services.
"The Anchor Benitoite project will include a 590 KTA Novolen PP unit as the main derivative of the propylene produced within the complex," said Dr. Ahmed M. A. Moharram, Founder and Managing Director of Anchorage Investments. "The low investment and operating costs for Novolen technology based on its efficiency, combined with the process simplicity and the robustness of operation while offering a wide product slate, were the key drivers for our selection of the PP technology."
The Anchor Benitoite project will encompass production units producing several different petrochemical products and intermediates. Located near the Suez Canal, an area that provides distinctive advantages in terms of its geographical location, port connectivity and associated capital and operating costs, Anchor Benitoite is envisioned to be a gateway to petrochemical activity on regional and global scales, increasing Egypt's competitiveness and position as a petrochemical hub.
As MRC reported earlier, in April, 2021, Lummus Technology announced that its Novolen business had been awarded a PP contract by Jin Guo Tou (Jinzhou) Petrochemical Co., Ltd. at its petrochemical facility in Jinzhou City, Liaoning Province, China.
According to MRC's ScanPlast report, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
Anchorage Investments Ltd. comprises of separate entities in the fields of: development of petrochemicals projects, mining/quarrying, project management, and development of beneficiation/building materials manufacturing projects. The company's petrochemicals division was established with the objective of developing, owning and operating petrochemicals projects in the Middle East region. These projects will produce basic petrochemicals building blocks, intermediates, derivatives and final products that would fill-in market gaps domestically, regionally and globally.
Lummus Novolen Technology GmbH licenses polypropylene technology and provides related engineering and technical support/advisory services. Novolen also supplies NHP catalysts for the production of high-performance polypropylene grades in the Novolen process and NOVOCENE metallocene catalyst for the production of special polypropylene grades.