The advanced MTO process, jointly developed by Honeywell's UOP and INEOS, combines Honeywell's UOP/Hydro MTO process and the Total/UOP Olefin Cracking process, which significantly increases yields and efficiency when combined with MTO. The process converts methanol from non-crude oil sources such as coal or natural gas into ethylene and propylene. Based on proprietary UOP catalysts, Honeywell's UOP advanced MTO process provides high yields with low operating costs. MTO also offers flexibility in the amount of propylene and ethylene produced, so operators can adjust plant designs to most effectively address market demands.
Since 2011, Honeywell's UOP has announced three other MTO projects. The first project will be with Wison ( Nanjing) Clean Energy Company Ltd. The facility is expected to start up this year, and it is projected to produce 295,000 metric tons of ethylene and propylene per year.
Shandong Yangmei Hengtong Chemicals Co. Ltd. will also produce 295,000 metric tons of ethylene and propylene per year and it is expected to start up in 2014.
Jiutai Energy (Zhungeer) Co. licensed Honeywell's UOP/Hydro MTO process, and it is expected to produce 600,000 metric tons of ethylene and propylene per year in its facility, which is expected to start up in 2014.Jiangsu Sailboat Petrochemical Co. Ltd. is a fully owned subsidiary of Shenghong Group, based in Wujiang City, Jiangsu Province, China. Shenghong Group's business includes petrochemicals, textiles, energy, real estate development and hotel operations. 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