AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)
Business & Finance ENGRO (Engro Corporation Limited) 338.71 Increased By ▲ 0.63%

Engro planning a massive multi-billion-dollar chemical complex

  • Engro Corporation has selected Honeywell UOP and W. R. Grace & Co. as technology partners to use their licensed process technology for the $1.5 billion, 750,000 Propane Dehydrogenation (“PDH”) and Polypropylene (“PP”) production.
Published May 19, 2021

Pakistani conglomerate, Engro Corp is planning a massive $1.5 billion chemical facility, which would make Pakistan a self-sufficient producer of Polypropylene.

As per details, Engro Corporation has selected Honeywell UOP and W. R. Grace & Co. as technology partners to use their licensed process technology for the $1.5 billion, 750,000 Propane Dehydrogenation (“PDH”) and Polypropylene (“PP”) production.

Polypropylene resin is used in the manufacturing of a variety of daily use consumer products including woven bags, food and non-food packaging, films, sheets, household containers, battery casings, kitchenware, electrical appliances, bottles, caps, pipes & fittings, medical equipment, and a wide range of other products. To meet these needs, polypropylene has a local annual demand of 500,000 with an expected grow rate of 7% annually.

Honeywell will provide its C3 Oleflex technology and basic engineering design services, in addition to equipment, catalysts and adsorbents for the plant. Since 2011, most of the new dehydrogenation projects globally have been based on UOP C3 Oleflex technology. However, this will mark the first use of C3 Oleflex in Pakistan.

W. R. Grace & Co., the supplier of polyolefin catalyst technology and polypropylene (PP) process technology, will provide its state-of-the-art UNIPOL PP Process Technology to help achieve mechanical and operational simplicity. The process technology, coupled with Grace’s catalyst and donor systems and the UNIPOL UNIPPAC Process Control System, allows for maximum performance.

“Engro continues on its journey towards solving the most pressing issues of our time by investing in projects which will serve to be catalysts of growth for Pakistan. For the Project, we have selected Honeywell and Grace as our technology partners. This collaboration will support the advanced studies for the Project, which can be a significant milestone for Engro and Pakistan towards import substitution that will help build foreign exchange reserves, while also enhancing the petrochemicals landscape of the country,” Ghias Khan, President & CEO of Engro Corporation said.

Pakistan faces a critically adverse balance of payments situation due to the country’s continued reliance on imports, and petrochemicals are one of the largest imports of the country, contributing around USD 2 billion to the import bill. Currently, Pakistan spends about USD 600 million on annual import of polypropylene.

Comments

Comments are closed.

Saqib May 20, 2021 08:42am
While its a good news as far as import substitution is concerned but one wishes that someone could invest in biodegradable technology which is the real need of the hour!!
thumb_up Recommended (0)