Home / Knowledge / News / Textiles / Keyuan receives patent for ethylene & propylene production
Keyuan receives patent for ethylene & propylene production
28
Jan '11
Keyuan Petrochemicals Inc, a leading merchant manufacturer of various petrochemical products in China, announced that it has received approval for a patent related to the Company's proprietary production process, called MEP (Multiple Ethylene Propylene). MEP is an exclusive and leading technology used in Keyuan's existing production process.

Through the ingenuity of its CEO Chungfeng Tao, Keyuan has developed this proprietary production process that improves the manufacturing efficiency and flexibility for a wide range of petrochemicals.

The utility model patent received, #ZL-2010-2-0191523.6, applies to a processing technology used in the production of ethylene and propylene. This technology allows the Company to use lower grade feedstock (such as heavy oil) instead of Naphtha, a higher grade feedstock commonly used in other existing petrochemical production processes. It also allows the Company to improve the yield and utilization rate of its production line, resulting in a 15% cost savings.

"We are proud to receive this patent for our proprietary production process," stated Chungfeng Tao, Chairman and Chief Executive Officer of Keyuan. "It demonstrates our commitment to technology advancement. Keyuan's ability to shift feedstock from the commonly used Naphtha to heavy oil is the Company's key competitive advantage.

“This advantage is reflected in both lower raw material costs and higher production efficiency. MEP technology allows more efficient use of natural resources and solves the existing feedstock sourcing problem in petrochemical industry due to the scarcity of Naphtha. With our ongoing research and development efforts, we will remain at the forefront of innovation in our industry."

Keyuan Petrochemicals Inc, established in 2007 and operating through its wholly-owned subsidiary, Keyuan Plastics, Co. Ltd., is located in Ningbo, China and is a leading independent manufacturer and supplier of various petrochemical products.

Keyuan Petrochemicals Inc

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search