Shanghai Global Increases Capital to Expand Molecular Sieve Production Capacity

On April 19, Shanghai Global Molecular Sieve Co., Ltd., a joint venture between UOP and Shanghai Huayi Group, announced on the 15th anniversary of its production that it would increase its capital to build the fourth phase of the expansion project, which will enable the company's molecular sieve production capacity from 2005. The annual 7650 tons will increase to 18,000 tons in 2010. At the same time, we will continue to introduce new products and new technologies so that we can synchronize with UOP in the United States and maintain our leading position in the field of molecular sieves.

Molecular sieve products are important raw materials for industries such as petrochemicals, metallurgy, refrigeration and new building materials. They are widely used in gas separation, natural gas processing, petroleum refining, petrochemicals, insulating glass and refrigeration equipment. With the rapid development of the national economy, the product quality requirements for molecular sieves have continuously increased, and the demand for varieties and quantities has also increased.

Shanghai Universal Co., Ltd. is a company specializing in the production and sale of various molecular sieve adsorbents. The first phase of the project was put into operation in 1990 and was later completed in 1996 and 2004 respectively. The company currently has the largest and most technologically advanced molecular sieve production facility and quality testing laboratory in Asia. In addition to meeting the needs of the domestic market, the company also exports large quantities to the United States and Southeast Asian countries and regions. UOP is a subsidiary of Honeywell Corporation in the United States. Its molecular sieve technology has always maintained an international leading position.

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