Maire Tecnimont SpA has executed a framework agreement with Mitsubishi Chemical Corporation (MCC) for future commercialization of both parties’ technologies for the production of propylene derivatives chemicals starting from gas rich in methane feed-stock (the package technologies).
The package technologies will combine with Maire Tecnimont’s “gas to propylene” technology, which is being developed jointly with Siluria Technologies Inc with MCC Technologies for the production of oxo alcohols, acrylic acid and acrylic ester.
Under the agreement, METGAS Processing Technologies (METGAS), its wholly owned subsidiary involved in the development and commercialization of new gas transformation technologies, will lead the licensing activities of the package technologies on worldwide basis.
With this agreement, METGAS is expanding its portfolio to downstream propylene technologies and will be able to provide access to the production of the above chemicals in countries where only natural gas is available.
Today, the cumulative consumption of propylene to produce oxo alcohols, acrylic acid and acrylic ester represents about 15 percent of the global Propylene Market with a compounded annual growth rate of about 5 percent.
Maire Tecnimont SpA has executed a framework agreement with Mitsubishi Chemical Corporation (MCC) for future commercialization of both parties’ technologies for the production of propylene derivatives chemicals starting from gas rich in methane feed-stock (the package technologies).
The package technologies will combine with Maire Tecnimont’s “gas to propylene” technology, which is being developed jointly with Siluria Technologies Inc with MCC Technologies for the production of oxo alcohols, acrylic acid and acrylic ester.
Under the agreement, METGAS Processing Technologies (METGAS), its wholly owned subsidiary involved in the development and commercialization of new gas transformation technologies, will lead the licensing activities of the package technologies on worldwide basis.
With this agreement, METGAS is expanding its portfolio to downstream propylene technologies and will be able to provide access to the production of the above chemicals in countries where only natural gas is available.
Today, the cumulative consumption of propylene to produce oxo alcohols, acrylic acid and acrylic ester represents about 15 percent of the global Propylene Market with a compounded annual growth rate of about 5 percent.
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