Dalian Institute of Chemical Physics (DICP), Saudi Basic Industrial Corporation (SABIC) and China National Petroleum Corporation (CNPC) signed a Memorandum of Understanding (MOU) on March 22, 2016 in Shanghai to jointly research in catalyst and process development of "non-oxidative conversion of methane into olefins, aromatics and hydrogen".The three parties will work on accelerating the commercialization of the technologies developed in the future.
DICP, SABIC and CNPC signed the memorandum of understanding (Image by LIU Wansheng)
Under the MOU agreement, DICP, SABIC and CNPC will jointly research in catalyst and process development in non-oxidative conversion of methane into olefins, aromatics and hydrogen-enabled by the breakthrough technology which will result in a more streamlined, simplified and efficient process, using greener technology than conventional methods involving a lengthier process today.
The foundation of this partnership is based on a breakthrough technology by DICP, in converting methane into olefins, aromatics and hydrogen in a highly efficient and sustainable way. The MOU supports the Chinese government’s objectives in the 13th Five-Year plan to nurture home-grown innovation and green technology development.
The interconnectivity of this partnership brings together leading industry players with top research and development institute and government support, will ultimately help to drive the technological upgrading of China’s domestic petrochemicals industry, while contributing to sustainable new production methods.
Group Photo of the Signing Ceremony for DICP, SABIC and CNPC (Text by LU Xinyi/ Image by LIU Wansheng)
SABIC is a ranked among the world's largest petrochemicals manufacturers from Kingdom of Saudi Arabia. “At SABIC, we believe this first-of-its-kind technology breakthrough has immense potentials to add considerable value to the petrochemical industry in China and the world. Once industrialized, this technology will provide a new channel for highly efficient utilization of natural gas, as well as unlimited possibilities for the production of new chemical products in a more sustainable manner,” remarked Awadh Al-Maker, SABIC’s Executive Vice President of Technology and Innovation.()
Dr. LU Xinyi
Dalian Institute of Chemical Physics, Chinese Academy of Sciences,
457 Zhongshan Road, Dalian, 116023, China,