Technip Energies and Mitsubishi announce licensing of improved OXO alcohol technology 'OXO M-Process' [Yahoo! Finance]
MITSUBISHI CH GRP U/ADR (MTLHY)
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mitsubishichem-hd.co.jp/english/ir
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Source: Yahoo! Finance
Mitsubishi Chemical Group, announced that they are licensing an improved OXO alcohol technology, named ‘OXO M-Process'. OXO alcohols are used as solvents in chemical manufacturing. The improved OXO-M technology reduces related capital and operating expenses of separation and purification by minimizing the production of isobutyraldehyde – used in manufacturing processes for plasticizers, resins and solvents – eliminating the need to manage it as a by-product. Technip Energies and Mitsubishi Chemical jointly researched and developed further enhancements to Mitsubishi Chemical's ‘OXO M-Process' technology, including an OXO catalyst management system. The technology produces n-butanol, an important product used for paints and coatings, and 2-ethylhexanol, a product to make plastic products more flexible, at high selectivity. Bhaskar Patel, Senior Vice President, Sustainable Fuels, Chemicals & Circularity of Technip Energies stated, “There is a growing demand for OXO alcohol to meet th
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