THE WOODLANDS, Texas--(BUSINESS WIRE)--Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) announced that its loop slurry technology will be marketed under the MarTECH™ trademark. MarTECH™ technology, available for licensing by Chevron Phillips Chemical, offers licensees state-of-the-art options for efficiently producing a high quality, broad portfolio of leading edge polyethylene products, with initial capital investment and economies of scale that are world class.
First commercialized in 1961, MarTECH™ loop slurry technology is exceptionally versatile and employs a variety of advanced catalysts, including metallocenes, to produce a broad resin slate for a full range of applications. Building on its single loop heritage MarTECH™ SL technology, Chevron Phillips Chemical recently introduced MarTECH™ ADL (advanced dual loop) technology, a proprietary dual loop process enabling production of bimodal PE resins for advanced applications including PE 100 pipe.
All MarTECH™ technology delivers reliable, high-reactor throughput while minimizing capital expense, operating costs and environmental impact. It is utilized by numerous commercial reactor facilities worldwide and in 2013, 21 percent of the worldwide high-density polyethylene (HDPE) capacity was attributed to MarTECH™ technology, totaling more than eight million metric tons of polyethylene per year.
“MarTECH™ technology leverages more than 50 years of polyethylene loop operation, development and experience,” said Pawan Bassi, global director of licensing for Chevron Phillips Chemical. “It remains one of the most productive, profitable and widely licensed polyethylene production technologies in the industry.”
In 1951, Paul Hogan and Bob Banks at Phillips Petroleum Company founded the catalytic polyolefin industry with the discovery and patenting of the Phillips chromium catalyst for polyethylene production. With more than 50 historic years of relentless innovation, the MarTECH™ process continues to be a technology leader in the plastics industry. Hogan and Banks were posthumously inducted into the Plastics Hall of Fame in April 2014 as a testament to their lifetime of discovery and the role the MarTECH™ process has played in the industry.
About Chevron Phillips Chemical Company LP
Chevron Phillips Chemical Company LP is an indirect wholly-owned subsidiary of Chevron Phillips Chemical Company LLC, one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, the LLC and its affiliates own more than $9 billion in assets, including 37 manufacturing and research facilities in eight countries. Chevron Phillips Chemical Company LLC is equally owned by Chevron U.S.A. Inc., an indirect wholly-owned subsidiary of Chevron Corporation, and by wholly-owned subsidiaries of Phillips 66, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter: @chevronphillips.
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