This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Honeywell's UOP Technology Selected By Petrobras For Offshore Natural Gas Processing In Brazil

DES PLAINES, Ill., Nov. 28, 2012 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced that its technology has been selected by Petrobras to process natural gas aboard up to eight Floating Production, Storage and Offloading (FPSO) vessels.

Honeywell's UOP Separex membrane systems will be installed on the new FPSOs that will operate in the Lula oil field. Each Separex membrane system will remove carbon dioxide and water from as much as 6 million standard cubic meters of natural gas per day.

"The continued selection of our gas processing membrane systems extends a long business relationship with Petrobras," said Rebecca Liebert, vice president and general manager for gas processing and hydrogen at Honeywell's UOP. "UOP Separex technology offers high hydrocarbon recovery, a solvent-free process and low operating costs."

Petrobras awarded the units in October 2011, and Honeywell's UOP is slated to deliver the units between 2013 and 2017. Commissioning will take place between 2014 and 2017. The new UOP Separex systems for Petrobras join two units already installed aboard FPSOs owned and operated by a third party in the Tupi and Guara fields.

Honeywell's UOP, which opened a sales office in Rio de Janeiro in 2011 to better serve the growing oil and natural gas sectors in Latin America, will fabricate a significant portion of the membrane system locally in Brazil.

Separex technology upgrades natural gas streams by removing carbon dioxide and water vapor. These contaminants must be removed to meet the quality standards specified by pipeline transmission and distribution companies, as well as end users of the natural gas. Within systems designed to a compact footprint, Separex membranes are the thinnest in the industry, yet have the longest membrane life in natural gas service. Separex membranes eliminate the need for solvents, which could spill and damage the marine ecosystem.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs