Honeywell's UOP Technology Selected For Petrochemical Production In China Technology will boost production of key petrochemicals to meet growing demand in China
DES PLAINES, Ill., Jan. 30, 2013 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that its UOP Oleflex™ process technology has been selected by China's Longgang Chemical Co. to produce key ingredients for fuels and synthetic rubber.
Honeywell's UOP C4 Oleflex process will be used to convert refinery-derived isobutane to isobutylene, a valuable petrochemical used in the production of fuels and synthetic rubber. This is UOP's second C4 Oleflex process license in China. In addition to technology licensing, Honeywell's UOP will provide basic engineering, catalysts, adsorbents, specialty equipment and engineering for the project.
"As the demand for petrochemicals grows, especially in China, producers are looking for ways to maximize product yields while reducing production costs," said Pete Piotrowski, senior vice president and general manager of Honeywell's UOP Process Technology and Equipment business unit. "Honeywell's UOP technology will help China meet growing demand efficiently and more profitably. This project is yet another milestone for UOP's Oleflex technology, and we look forward to working with Longgang Chemical."
Longgang Chemical Co. will use Honeywell's UOP technology to process 175,000 metric tons of mixed butane feedstock annually at its facility in Dongying City, Shandong Province, China. The facility is expected to start-up in 2015.
The C4 Oleflex process uses catalytic dehydrogenation to convert isobutane to isobutylene. Compared with competing processes, Honeywell's UOP C4 Oleflex technology provides the lowest cash cost of production, the highest return on investment and the smallest environmental footprint. The superior performance of Honeywell's UOP technology stems from its low capital costs, high isobutylene yields, low energy and water consumption, and use of a fully recyclable platinum alumina-based catalyst system.
Unique to the Oleflex process, independent reaction and regeneration systems are in place that allow continuous use of catalysts for steady-state operations (non swing-bed), which helps maximize operating flexibility, on-stream factor and reliability.
Since the Oleflex technology was commercialized in 1990, Honeywell's UOP has commissioned six C4 Oleflex units for on-purpose isobutylene production, as well as nine C3 Oleflex units for on-purpose propylene production.
Since 2011, Honeywell's UOP has announced 10 new Oleflex units across China, Abu Dhabi and North America, including China's first combined C3/C4 Oleflex unit and the first C4 Oleflex unit.
Longgang Chemical Co. Ltd. is a privately held, professional production and chemical raw materials export enterprise located in Qingdao Province, China.
UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly-owned subsidiary of Honeywell International Inc. and is part of Honeywell's Performance Materials and Technologies strategic business group. For more information, go to www.uop.com.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.