Market Overview

Badger Licensing to Provide Technology for New Cumene Plant in Shanghai, China

CAMBRIDGE, Mass.--(BUSINESS WIRE)--

Badger Licensing LLC (Badger) today announced that Shanghai Sinopec Mitsui Chemicals, Co., Ltd. (SSMC), a joint venture of China Petroleum & Chemical Corporation (Sinopec) and Mitsui Chemicals, Inc., has selected Badger to provide its proprietary technology for a 332,500 metric ton per annum grassroots cumene plant to be built in Shanghai, People's Republic of China. The contract includes technology license, process design, and start-up services.

The new cumene plant is scheduled for mechanical completion and startup in 2013 and will be integrated with SSMC's phenol plant currently being constructed at the same site. Another cumene/phenol plant is operated by Sinopec in Shanghai, which also uses Badger's proprietary cumene technology.

“Both Sinopec and Mitsui are key players in the phenolics industry,” said Mark Healey, president of Badger. “These two industry leaders together with their SSMC joint venture have now licensed Badger's cumene technology a total of four times, which clearly demonstrates the high level of customer satisfaction enjoyed by our licensees. We look forward to continuing our excellent relationship with SSMC, Sinopec, and Mitsui on this project and into the future.”

More than nine million metric tons of cumene capacity has been licensed by Badger and its predecessor companies since the technology was introduced in 1995.

Badger Licensing LLC, headquartered in Cambridge, MA, USA, is a venture of affiliates of The Shaw Group (NYSE: SHAW) and ExxonMobil Chemical Company. Badger Licensing is principally engaged in marketing, licensing, and developing technologies for ethylbenzene, styrene monomer, cumene, and bisphenol A. The venture also supplies basic engineering packages for the licensed processes through Shaw. Catalysts for ethylbenzene and cumene processes are supplied to Badger's licensees by ExxonMobil Catalyst Technologies LLC.

Editor's Notes:

1. Badger Licensing LLC is a joint venture between Badger Technology Holdings LLC (affiliate of The Shaw Group Inc.) and Alkylation Licensing LLC (affiliate of ExxonMobil Chemical Company).

Badger Licensing LLC
Mary Kelleher, 1.617.494.7217
mary.kelleher@badgerlicensing.com

 

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