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Honeywell's UOP Introduces New Membrane Element To Improve Natural Gas Processing Capacity

Stocks in this article: HON

Honeywell's UOP Gas Processing and Hydrogen business offers technology, equipment and materials to treat and process natural gas, as well as to purify hydrogen used in refineries. Its gas technologies extract contaminants such as water, mercury, sulfur and carbon dioxide from raw natural gas. Honeywell's UOP also offers technologies to recover valuable natural gas liquids (NGLs). The business has supplied technology to more than 3,600 individual process units for gas processing in a broad range of applications through the world, including Floating, Processing, Storage and Offloading (FPSO) vessels.

Honeywell's UOP has increased its offerings in natural gas in recent years. In 2012, the company purchased a majority stake in Thomas Russell Co., which offers key technologies and modularized packaged plants enabling shale and conventional natural gas producers to remove contaminants from natural gas and recover high-value NGLs used for petrochemicals and fuels. Thomas Russell products are now part of the UOP Russell line. Honeywell's UOP also has marketing alliances with Twister B.V., and Ortloff Engineers, Ltd. for natural gas separation technology for recovering NGLs.

Honeywell's UOP Gas Processing and Hydrogen business has also expanded its global footprint, opening a gas processing design center in Kuala Lumpur, Malaysia, in 2008. In 2011, it opened a manufacturing and operations center to produce natural gas membrane elements in Penang, Malaysia, to better serve growing natural gas markets in Southeast Asia and around the world.

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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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