GTC Technology, Inc

Samsung Total Selects GT-BTX to Replace Morphylane Process

noemail@gtchouston.com — Mon, 12 May 2008 16:00:00 GMT

Houston, May 9, 2008 — GTC Technology today announced that Samsung Total Petrochemicals Co., Ltd has chosen GT-BTX® to revamp their Morphylane extractive distillation unit. GT-BTX® will be used to extract high-purity benzene and toluene from hydrotreated pygas and reformate feeds at Samsung Total’s 800,000 ton/yr Naphtha Cracking Center (NCC) in Daesan, South Korea. GT-BTX® offered the most effective solution for Samsung Total to expand and upgrade their aromatics extraction facilities while avoiding duplicate or parallel equipment. The capacity increase is 75% above the previous maximum amount. Mr. D.H. Lee, Vice President of Samsung Total participated in a signing ceremony in Houston to confirm the project agreement. Our technical team determined that GTC’s technology was the best option to expand our unit. We are pleased with the innovative ideas from GTC’s staff, which will help us improve the efficiency and capacity of our operations, said Mr. D.H. Lee. Being selected for...

GTC Technology Celebrates 20th GT-BTX Award

noemail@gtchouston.com — Mon, 31 Mar 2008 13:00:00 GMT

Houston, March 31, 2008 — Pinti Wang, President and CEO of GTC Technology today announced that GTC has been awarded its 20th license for its state-of-the-art GT-BTX® Extractive Distillation Technology. This technology will be used by Chinese Petroleum Corporation (CPC), Taiwan as part of their No 6 Naphtha Cracker and No 7 BTX Project in Lin Yuan, Taiwan. Lummus Technology was awarded the overall contract and will use GTC’s process technology to extract high-purity benzene, toluene, and mixed xylenes from hydrotreated pygas.

“This award in Taiwan further illustrates the strong endorsement our technology has received for a variety of feedstock and product applications. Prominent petrochemical producers in Thailand, Indonesia, and Saudi Arabia have selected our technology for their extraction projects, and we look forward to building on these recent successes.” says Mr. Sam Kumar, Managing Director of GTC (Singapore).

CB&I combines proven process technology from its Lummus Technology business, with global capabilities in engineering, procurement and construction to deliver comprehensive solutions to customers in the energy and natural resource industries. With more than 70 proprietary licensed technologies and 1,500 patents and patent applications, CB&I is uniquely positioned to take projects from conceptual design, through technology licensing, engineering and construction, and final commissioning. Drawing upon the global expertise and local knowledge of approximately 17,000 employees in more than 80 locations, CB&I safely and reliably executes projects worldwide. For more information visit www.CBI.com.

GTC Technology is an independent, management-owned technology licensor. Operating worldwide, GTC provides proprietary licensed technology to the polyester intermediates and refining markets. GTC markets a variety of proprietary licensed technologies, including GT-BTX®, process technology for aromatics recovery and purification, CrystPX^sm, process technology for paraxylene production, and GT-BTX PluS^sm, aromatics recovery plus sulfur reduction from refinery cracked stocks. The corporate web address is www.gtchouston.com.

GTC Technology to Expand Technology Portfolio

noemail@gtchouston.com — Thu, 20 Mar 2008 13:00:00 GMT

Houston, March 20, 2008 - GTC Technology today announced the expansion of their technology portfolio to include GT-BenZap^sm, a benzene saturation process. This new technology was designed as a low cost alternative for lower-capacity refineries, to enable them to comply with EPA’s mobile source air toxics regulations (MSAT II). GT-BenZap^sm offers a simple solution through hydroprocessing, and can be adapted to retrofit existing refinery units.

“Normally we advocate benzene extraction and recovery to meet the new MSAT II regulations, however we have found that in some situations depending on scale or supply chain logistics, benzene saturation is desirable. GTC can work with customers on either extraction or saturation to solve this problem. In addition, GTC can supply modular construction options to speed implementation,” said Ron Cormier, Director of Business Development.

GTC Technology Inc. is an independent, management-owned technology licensor. Operating worldwide, GTC provides proprietary licensed technology to the polyester intermediates, refining, and clean fuels markets. GTC markets a variety of proprietary licensed technologies, including GT-BTX®, process technology for aromatics recovery and purification, CrystPX^sm, process technology for paraxylene production, and GT-BTX PluS^sm, aromatics recovery plus sulfur reduction from refinery cracked stocks. The corporate web address is www.gtchouston.com.