INEOS Technologies wins HDPE technology license contract in China

INEOS Technologies, a leading developer and licensor of technologies for the global petrochemicals industry, has licensed its 'Innovene S Process' for the manufacture of HDPE and MDPE to China Petrochemical International Company Limited for use at Sinopec Wuhan Company in Wuhan, China. The 300,000 tpa plant will produce a full range of Ziegler-Natta and Chrome monomodal and bi-modal products and forms a part of a major petrochemical expansion of Sinopec's existing refinery at Wuhan. This is the second time that INEOS has licensed this process to Sinopec. The Innovene S process was licensed to Sinopec Tianjin in 2006. This license also comes shortly after the license granted to Polimerica (a JV between Pequiven Petroquimica de Venezuela, S.A. and Braskem S.A.) in December 2008. Peter Williams, CEO of INEOS Technologies, commented: "The repeat license of this process to a major company in China after a lengthy competitive evaluation is a demonstration of the increasing recognition of our proprietary technology in the marketplace."
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