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-Honeywell to Provide Oleflex Technology to Anchorage Investments for Propylene Production in Egypt

Apr 27, 2021 - ENP Newswire

DES PLAINES - Honeywell announced today that Anchorage Investments Ltd. will use Honeywell UOP's C3 Oleflex technology to produce 750,000 metric tons per year of polymer-grade propylene for its new Anchor Benitoite petrochemicals complex in Suez, Egypt, near the southern terminus of the Suez Canal.

Propylene is the primary component in a variety of plastic products that are rapidly growing in demand.

As part of the contract, Honeywell will provide technology licensing and basi...