The deal..will allow KBR to license Showa Denko's acetyls technologies
KBR, Showa Denko in acetyl technology license deal
HOUSTON, February 20, 2015
Leading technology, engineering, procurement and construction company KBR has signed a deal with Showa Denko to license acetyls technologies globally.
The demand for acetic acid products derived including plastic bottles (PET), paints, adhesives, coatings, textiles and safety glass sheet for automotive, photographic film, synthetic fibres, architectural applications and household food applications caused an increase in the global acetyls chemicals demand during the past few years, said a statement.
This agreement will allow KBR to exclusively license Showa Denko's acetyls technologies, including glacial acetic acid, vinyl acetate monomer, ethyl acetate n-propyl acetate and allyl alcohol process for epichlorohydrin technology to clients.
Additionally, KBR will provide engineering support to deliver the license packages to clients.
Showa Denko's acetic acid technology, which employs the oxidation of ethylene, is considered a complement to KBR's recently announced alliance agreement with Chiyoda for CT-Acetica process using methanol and carbon monoxide or ‘methanol carbonylation.’
This agreement will expand KBR's acetic acid-related technology offering, enabling KBR to supply clients with integrated acetyls technology chain processes.
Stuart Bradie, KBR president and chief executive officer, said: ”This alliance is great opportunity for KBR to expand our chemicals technology portfolio. This will give KBR the ability to provide our potential clients a full complement of acetyls technology from acetic acid onwards."
The revenue from this alliance will be booked as awarded to KBR's Technology and Consulting business segment, he added. - TradeArabia News Service