Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. China
  4. Shanghai Stock Exchange
  5. Hengli Petrochemical Co.,Ltd.
  6. News
  7. Summary
    600346   CNE0000018V0


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Hengli Petrochemical : Honeywell UOP Polybed PSA Units Supplying High-Purity Hydrogen For Hengli Petrochemical

09/22/2020 | 10:47am EDT

DES PLAINES - Honeywell UOP announced today that Hengli Petrochemical Co. Ltd. successfully started up seven UOP Polybed pressure swing adsorption (PSA) units supplying high-purity hydrogen at its complex in Dalian, Liaoning, China.

As a fully integrated site, the complex produces gasoline and diesel, along with plastics and other chemicals. Hengli will use the PSA units in downstream hydrotreating to create feedstock for petrochemical products, producing approximately 1.4 million Nm3/h (normal cubic meters per hour) of hydrogen.

'Hydrogen purification is essential to produce clean fuels, remove contaminants and improve the quality of fuels and petrochemicals,' said Bryan Glover, vice president and general manager, of the UOP Process Technologies business. 'Customers such as Hengli are choosing UOP PSA technology because of its record of producing a reliable and efficient source of high-purity hydrogen to improve the efficiency of their operations.

Polybed PSA systems are skid-mounted, modular units complete with hardware, adsorbents, control systems and embedded process technology, enabling quick and efficient installation to reduce cost and downtime. Modular delivery can reduce the installation time by up to 30%, versus conventional 'stick-built' construction.

The PSA process uses proprietary UOP adsorbents to remove impurities at high pressure from hydrogen-containing process streams, allowing hydrogen to be recovered and upgraded to more than 99.9% purity to meet refining needs. In addition to recovering and purifying hydrogen from steam reformers and refinery off-gases, the Polybed PSA system can be used to produce hydrogen from other sources such as ethylene off-gas, methanol off-gas and partial-oxidation synthesis gas.

Since its introduction in 1966, UOP has improved Polybed PSA technology with new generations of adsorbents, enhanced cycle configurations, modified process and equipment designs and more reliable control systems and equipment. Today, Honeywell UOP has installed more than 1,100 Polybed PSA units in more than 70 countries. As a result, Polybed PSA is a proven technology with dozens of large-scale unit references globally.

Hengli Petrochemical, established in 1994, is one of the largest refining and petrochemical companies in China. In 2017, Hengli selected Callidus advanced flares and low-nitrogen oxides (NOx) burner technology for its refinery and petrochemicals complex.

Honeywell UOP (www.uop.com) is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is part of Honeywell's Performance Materials and Technologies strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.


Tehani Manochio

Tel: (973) 216-0684

Email: Tehani.manochio@honeywell.com

(C) 2020 Electronic News Publishing, source ENP Newswire

07/27MARKET CHATTER : Hengli Petrochemical Refutes Report on $2 Billion Tax Evasion
06/21China cuts second batch of crude oil import quotas for private refiners - doc..
04/21Hengli Petrochemical Co.,Ltd. Reports Earnings Results for the First Quarter ..
04/05Hengli Petrochemical Co.,Ltd. Reports Earnings Results for the Full Year Ende..
03/16Hengli Petrochemical Co.,Ltd.'s Equity Buyback announced on March 18, 2020, h..
01/03Tranche Update on Hengli Petrochemical Co.,Ltd.'s Equity Buyback Plan announc..
2020Hengli Oilchem hires former BP crude trader in Singapore - sources
2020China's oil buying binge to run on in 2021 as tank operators, refiners stock ..
2020Hengli Petrochemical Co.,Ltd. Reports Earnings Results for the Nine Months En..
2020HENGLI PETROCHEMICAL : Honeywell UOP Polybed PSA Units Supplying High-Purity Hyd..
More news
Sales 2021 185 B 28 659 M 28 659 M
Net income 2021 15 998 M 2 475 M 2 475 M
Net Debt 2021 87 398 M 13 520 M 13 520 M
P/E ratio 2021 14,0x
Yield 2021 2,79%
Capitalization 224 B 34 640 M 34 627 M
EV / Sales 2021 1,68x
EV / Sales 2022 1,53x
Nbr of Employees 29 522
Free-Float 24,3%
Duration : Period :
Hengli Petrochemical Co.,Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HENGLI PETROCHEMICAL CO.,LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 16
Last Close Price 31,80 CNY
Average target price 34,08 CNY
Spread / Average Target 7,17%
EPS Revisions
Managers and Directors
Hong Wei Fan Chairman & General Manager
Xue Fen Liu Chief Financial Officer & Deputy General Manager
Wei Ming Wang Chairman-Supervisory Board
Li Li Independent Director
Long Di Cheng Independent Director
Sector and Competitors