DES PLAINES, Ill., March 26, 2013 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that its UOP C 3 Oleflex™ process technology has been selected by Williams to produce propylene, a valuable petrochemical used in plastics production.
The selection is the sixth win for Honeywell's UOP Oleflex process technology in North America, as petrochemical producers move to produce propylene from propane found in natural gas.
"Demand for propylene has continued to grow globally, but supply has not kept pace because of production shifts within the petrochemical industry," said Pete Piotrowski, senior vice president and general manager of Honeywell's UOP Process Technology and Equipment business unit. "The UOP Oleflex process has lower greenhouse gas emissions, low water usage and a highly efficient, platinum-based catalyst system. UOP's technology continues to be the superior choice for customers seeking to boost propylene production."
Williams' propane dehydrogenation (PDH) facility, to be located in Alberta, Canada, will convert propane recovered from oil sands off gas into polymer-grade propylene. The PDH facility will be the first in Canada and will have an annual capacity of approximately 1 billion pounds.Williams is one of the leading energy infrastructure companies in North America. Headquartered in Tulsa, Okla., Williams specializes in gathering, processing and transporting natural gas, producing natural gas liquids and olefins for petrochemical feedstocks, and processing oil sands off gas. Operations are primarily located in the Pacific Northwest, Rocky Mountains, Gulf Coast and Eastern Seaboard regions, as well as in Canada. Compared with competing processes, Honeywell's UOP C 3 Oleflex technology provides the lowest cash cost of production, the highest return on investment and the smallest environmental footprint. This superior performance is characterized by low capital cost, high propylene yields, low energy and water consumption, and use of a fully recyclable platinum alumina-based catalyst system. Since the Oleflex technology was commercialized in 1990, Honeywell's UOP has commissioned nine C 3 Oleflex units for on-purpose propylene production and six C 4 Oleflex units, four of which are in North America, for on-purpose isobutylene production. Since the beginning of 2011, Honeywell's UOP has announced 10 new C 3 Oleflex process units and three new C 4 Oleflex process units across China, Abu Dhabi and North America. It also announced China's first combined C 3/C 4 Oleflex unit, which is expected to start up in 2014. 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.
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