Oleflex catalysis refers to a process technology used primarily for the dehydrogenation of light paraffins to produce olefins. Developed by UOP (a Honeywell company), the Oleflex process is widely recognized for its efficiency in converting propane to propylene and butane to butylene. Olefins are crucial building blocks in the petrochemical industry, used in the production of plastics, synthetic rubber, and other chemical products.