Technip Energies (PARIS:TE) and Mitsubishi Chemical Corporation
(Mitsubishi Chemical), a member of the Mitsubishi Chemical Group,
announced that they are licensing an improved OXO alcohol
technology, named ‘OXO M-Process’. OXO alcohols are used as
solvents in chemical manufacturing. The improved OXO-M technology
reduces related capital and operating expenses of separation and
purification by minimizing the production of isobutyraldehyde –
used in manufacturing processes for plasticizers, resins and
solvents – eliminating the need to manage it as a by-product.
Technip Energies and Mitsubishi Chemical jointly
researched and developed further enhancements to Mitsubishi
Chemical's ‘OXO M-Process’ technology, including an OXO catalyst
management system. The technology produces n-butanol, an important
product used for paints and coatings, and 2-ethylhexanol, a product
to make plastic products more flexible, at high selectivity.
Bhaskar Patel, Senior Vice President,
Sustainable Fuels, Chemicals & Circularity of Technip
Energies stated, “There is a growing demand for OXO
alcohol to meet the commercial needs in solvent and plasticizers
markets. Our technology and R&D facilities in Boston, in
cooperation with the Mitsubishi Chemical team, played a vital role
in bringing the catalyst management system to realization. Technip
Energies is pleased to collaborate with Mitsubishi Chemical on OXO
M-Process technology and to bring this technology to market.”
Masaru Utsunomiya, Director, RD&IP
Div., Basic Materials & Polymers Business Group of Mitsubishi
Chemical stated, “Mitsubishi Chemical is actively
promoting the license of petrochemical product technologies. This
cooperation with Technip Energies definitively strengthens our
licensing business, especially for the C3 derivatives chain i.e.,
DTP (Methanol to Propylene), Acrylic Acid and OXO Alcohol
technology. Mitsubishi Chemical’s licensing business is growing
while also contributing to the reduction of GHG
emissions.”
About Technip Energies
Technip Energies is a leading Engineering &
Technology company for the energy transition, with leadership
positions in LNG, hydrogen and ethylene as well as growing market
positions in blue and green hydrogen, sustainable chemistry and CO2
management. The Company benefits from its robust project delivery
model supported by an extensive technology, products and services
offering.
Operating in 34 countries, our 15,000 people are
fully committed to bringing our clients’ innovative projects to
life, breaking boundaries to accelerate the energy transition for a
better tomorrow.
Technip Energies shares are listed on Euronext
Paris. In addition, Technip Energies has a Level 1 sponsored
American Depositary Receipts (“ADR”) program, with its ADRs trading
over the counter.For further information: www.ten.com
About Mitsubishi Chemical Group
Mitsubishi Chemical Group Corporation (TSE:
4188) is a specialty materials provider with an unwavering
commitment to lead with innovative solutions to achieve KAITEKI,
the well-being of people and the planet. We bring deep expertise
and material science leadership in core market segments such as
mobility, digital, medical and food. In this way, we enable
industry transformation, technology breakthroughs, and longer, more
fruitful lives for us all. Together, around 70,000 employees
worldwide provide advanced chemistry-based solutions to deliver the
core elements of our slogan — “Science. Value. Life.” For further
information, please visit our website:
https://www.mcgc.com/english/
Contacts
Technip EnergiesAnnette
MorganHead of Marketing & Communications, Sustainable fuels,
Chemicals & CircularityTel: +1 281-249-2475Email:
annette.morgan@ten.com
Mitsubishi Chemical Group
CorporationMedia Relations Department, Corporate
Communications DivisionTel: +81-3-6748-7140Email: Contact
form
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- Technip Energies ’OXO M-Process’
- PR_TE.N_Mitsubishi_OXO_EN
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