Honeywell's UOP technology operates with very high on-stream factors for difficult-to-treat gas streams in remote locations. Systems can be used onshore or offshore, at the wellhead or at gathering facilities. To date, more than130 of Honeywell's UOP membrane systems have been installed worldwide.
This year, Honeywell's UOP acquired a 70 percent stake in Thomas Russell Co., a leading provider of technology and equipment for natural gas processing and treating. With the acquisition, Honeywell's UOP expands its offering of key technologies and products that allow shale and conventional natural gas producers to remove contaminants from natural gas and recover high-value natural gas liquids used for petrochemicals and fuel.
In 2011, Honeywell's UOP expanded its portfolio of natural gas treatment technologies through an exclusive marketing alliance with the Netherlands-based Twister B.V. The company now offers the Twister supersonic gas separation technology, which is used to remove water and heavy hydrocarbons present in natural gas when it comes out of the ground. Read more about Honeywell's UOP gas processing technologies at www.uop.com/gasprocessing.
Located in the pre-salt development area of the Santos Basin off the coast of Brazil, the Lula field is operated by Petrobras in partnership with BG Group ( United Kingdom), Repsol ( Spain) and Galp ( Portugal).Petrobras, a publicly traded corporation, is a Brazilian global energy company leading the sector in the implementation of the most advanced deep-water technology for oil production. 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. SOURCE Honeywell
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV