The agreement between Honeywell UOP and Black & Veatch provides a one-stop solution for proven design, procurement, construction and fabrication solutions for small-scale LNG plants in North America. The alliance combines UOP's process technology expertise and its UOP Russell modularized equipment offerings; Honeywell's world-leading controls and automation solutions; and Black & Veatch's engineering, procurement and construction (EPC) services, and its proven PRICO ® natural gas liquefaction technology. The complete small-scale LNG plant offering will be available in 2013.
The UOP Russell product line includes modularized packaged plants that enable shale and conventional natural gas producers to remove contaminants from natural gas and recover high-value natural gas liquids used for petrochemicals and fuels. UOP Russell modular equipment is factory-built to maintain tight quality control standards and significantly reduce construction time and costs.
PRICO ® technology by Black & Veatch is an innovative process to liquefy natural gas, making it available for transport via truck, rail and marine vessel. The process uses a patented, single-mixed refrigerant loop for natural gas liquefaction. PRICO ® offers a simplified refrigeration system that requires minimal equipment, enables simplified control and maintenance, and offers flexibility in feed gas composition, allowing low capital and operating expenditures.
UOP Russell is part of Honeywell UOP's Gas Processing and Hydrogen business, which offers technology, equipment and materials to treat and process natural gas as well as to purify hydrogen used in refineries. Honeywell UOP also offers world-leading solutions to upgrade recovered natural gas liquids to high-value petrochemicals. Read more about Honeywell UOP's gas processing technologies at www.uop.com/gasprocessing.Black & Veatch is an employee-owned, global leader in building Critical Human Infrastructure™ in Energy, Water, Telecommunications and Government Services. Since 1915, it has helped improve the lives of people in more than 100 countries through consulting, engineering, construction, operations and program management. Learn more at www.bv.com. UOP LLC, headquartered in Des Plaines, Illinois 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