DES PLAINES, Ill., June 23, 2011 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by the Abu Dhabi Oil Refining Co. (Takreer) to provide key technology for a new petrochemical production unit in the United Arab Emirates.
The new propane dehydrogenation (PDH) unit will use UOP's C3 Oleflex ™ technology to convert propane to propylene, a material used in the production of materials such as films and packaging. The unit is expected to produce 500,000 metric tons of propylene per year.
UOP will provide engineering design, technology licensing, catalysts, adsorbents and equipment for the project, which is expected to start up by the end of 2013.
"This is the world's first PDH unit to be implemented within a refinery, a significant milestone that indicates refineries are moving toward production of higher-value petrochemical products to achieve the most value from their operations," said Pete Piotrowski, senior vice president and general manager for UOP's process technology and equipment business unit. "UOP has a successful history with Takreer, and we are pleased to embark on this new venture together."
Jasem Al-Sayegh, general manager for Takreer, said, "We look forward to continued collaboration with UOP, which will help meet the world's growing demand for propylene and also help strengthen our business regionally."
The UOP Oleflex process uses catalytic dehydrogenation to convert propane to propylene. Compared to competing PDH processes, Oleflex provides the lowest cash cost of production and the highest return on investment, enabled by low operating and capital costs, high propylene yield and reliability, and maximum operating flexibility. Since the technology was commercialized in 1990, UOP has commissioned nine C3 Oleflex units for on-purpose propylene production.
Honeywell's UOP was recently selected by Takreer to provide process technology for its Ruwais facility, also located in the United Arab Emirates. The Carbon Black & Delayed Coker project will utilize the UOP Unionfining™ technology to upgrade distillate-range petroleum fractions to produce ultra-low-sulfur diesel.
Established in 1999, Takreer is focused on refining crude oil and condensate, supplying petroleum products and producing granulated Sulphur. Its Ruwais and Abu Dhabi refineries produce more than 23 million tons of products for local and export markets per year.
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 Specialty Materials strategic business group. For more information, go to www.uop.com.
Honeywell International (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; automotive products; turbochargers; and specialty 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.
SOURCE UOP LLC, a Honeywell company