Honeywell recently unveiled a revolutionary new technology called naphtha to ethane and propane (NEP) that has the potential to transform the petrochemical industry. The NEP technology enables regions worldwide to produce high-value chemicals such as ethylene and propylene with greater efficiency and lower carbon emissions compared to traditional methods.
In a typical NEP-based olefin production complex, ethane is directed to an ethane steam cracking unit while propane is sent to a propane dehydrogenation unit. This approach results in increased production of high-value chemicals with fewer byproducts compared to traditional mixed-feed steam cracking units. As a result, there is a significant improvement in net cash margin, ranging from 15 to 50%.
Moreover, an NEP-based olefins complex can reduce CO2 intensity per metric ton of light olefins produced by 5 to 50% compared to a traditional mixed-feed steam cracker. This technological advancement from Honeywell expands their offerings and meets the increasing demand for efficient petrochemical solutions.
Matt Spalding, Vice President and General Manager of Honeywell Energy and Sustainability Solutions in MENA, highlighted the challenges faced by the petrochemical industry in sourcing raw materials globally. He emphasized how Honeywell’s NEP technology enables more efficient production of high-value chemicals while also helping customers reduce their carbon emissions.
This latest innovation is part of Honeywell’s Integrated Olefin Suite technology portfolio, which offers unique solutions to enhance light olefin production. The company’s commitment to providing cutting-edge technologies reflects their dedication to meeting the evolving needs of the industry.
Overall, Honeywell’s NEP technology represents a significant step forward in the petrochemical sector, offering a more sustainable and efficient approach to olefin production that benefits both producers and consumers alike.