Honeywell has unveiled an innovative NEP (Naphtha to Ethane and Propane) process, poised to revolutionize light olefin production worldwide. This breakthrough promises enhanced efficiency and reduced CO2 emissions per metric ton of olefin produced. Ethane and propane, the key components of this process, serve as optimal feedstocks for the production of essential petrochemicals like ethylene and propylene, integral in the manufacturing of various chemicals, plastics, and fibers. This advancement underscores Honeywell's strategic alignment with major megatrends, notably the energy transition, within its diverse portfolio.
The NEP technology generates a tunable amount of ethane and propane from naphtha and/or LPG feedstocks. In a typical NEP-based olefin production complex, the ethane will be fed to an ethane steam cracking unit and the propane will be fed to a propane dehydrogenation unit. This approach generates more high-value ethylene and propylene with reduced production of lower-value byproducts compared to a traditional mixed-feed steam cracking unit directly processing the same quantity and composition of the feedstock. This new approach results in Net Cash Margin increases from 15 to 50%.
Implementing an NEP-based olefins complex results in a reduction of CO2 intensity per metric ton of light olefins produced, ranging from 5 to 50% compared to traditional mixed-feed steam crackers. Honeywell's cutting-edge technology broadens our range of solutions, addressing the increasing need for efficient petrochemical solutions in response to growing demand.
“The petrochemical industry faces strong competition and challenges in obtaining raw materials globally”, said Matt Spalding, vice president and general manager of Honeywell Energy and Sustainability Solutions in MENA. “Our technology helps to enable more efficient production of ethylene and propylene, two chemicals which are in high demand, while also helping our customers lower their carbon emissions”.
This innovative solution forms an integral component of Honeywell's Integrated Olefin Suite technology portfolio, setting a precedent in the industry. It delivers distinctive offerings aimed at optimizing the production of light olefins.