Dow And Johnson Matthey License Process Technology To Huayi
Zacks Investment Research | Feb 17, 2020 08:42PM ET
Dow Inc. (NYSE:DOW) and Johnson Matthey (LON:JMAT) announced that Guangxi Huayi New Material Company Ltd. selected LP Oxo Selector 10 Technology for producing butanol at a new manufacturing plant.
Under the license, the facility is expected to be constructed at the integrated petrochemical complex of Huayi in Qinzhou Port, P.R. China. Notably, the facility will likely have an annual butanol capacity of 300,000 metric tons.
LP Oxo Selector 10 Technology, which is licensed through Dow and Johnson Matthey, allows efficient butanol production, with low operating costs and capital investment. Notably, Dow and Johnson Matthey offer personalized plant designs, performance assurances, technical support (pre- and post-plant start-up), continued technology updates, and many more to the licensees.
To date, the suite of LP Oxo Selector Technology has been licensed into a large number of projects throughout 15 countries.
Per Dow’s management, its Licensing & Catalyst technologies platform remains significant for its long-term growth.
Dow and Johnson Matthey will help Huayi to expand by offering a variety of downstream applications from paint and coatings to adhesives and sealants. Notably, the new plant is Johnson Matthey’s 55th license of LP Oxo Technology in collaboration with Dow.
Dow’s shares have gained 6.7% over the past six months compared with 4.5% growth of the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.