Separex membranes eliminate the need for solvents, making the technology often desirable in remote locations where logistics make supply transportation to the site difficult. Because Separex membrane elements are inert solids, these membranes offer a spill-free, ecosystem-friendly solution. Decades of operation in natural gas service have demonstrated that Separex membranes are the most robust for natural gas service and can achieve the longest membrane life in the industry. To date, more than 130 Separex units have been installed worldwide. Honeywell's UOP recently rebranded its existing Separex cellulose acetate (CA) membrane elements under the new name Separex Flux. This product offers the same specifications and performance as the company's current CA elements.
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 including 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 throughout 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 product 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 also has expanded its global footprint, opening a gas processing design center in Kuala Lumpur, Malaysia, in 2008. In 2012, it opened a manufacturing and operations center to produce Separex membrane elements in Penang, Malaysia, to better serve growing natural gas markets in Southeast Asia and around the world.Honeywell's UOP has been doing business with Kinder Morgan since 1997. 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 certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. 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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts