Ineos licenses Innovene PP process to Fund Energy

Ineos licenses Innovene PP process to Fund Energy
Ineos Technologies has licensed its Innovene PP process for the manufacture of polypropylene homopolymers, random copolymers and impact copolymers to the Full-Tech (Changzhou) Chemistry & Development Company Limited, a subsidiary of Fund Energy Investment Holdings Co., Ltd, in Changzhou, China. The 300 kta Innovene PP plant will produce a wide range of polypropylene products to serve the growing market in China.

The feedstock for the polypropylene plant will be produced using locally sourced propylene via a Methanol-to-Olefins (MTO) process.

Peter Williams, CEO Ineos Technologies stated: "We are delighted that Fund Energy has chosen Innovene PP to establish their presence in the expanding PP market in China. INEOS Technologies Innovene PP products have gained recognition as premium products in this demanding market."

Mr. Xia Ji, General Manager of Full-Tech (Changzhou) Chemistry & Development Company Limited said: "We chose Innovene PP Process because it offers broad product capability at low investment and operation cost. The best quality of impact copolymer of Innovene PP has already been well recognized in China, which provides us a short cut into the premier market."