This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Honeywell UOP Selected To Provide Technologies For Petrochemical Production In China

Stocks in this article: HON

DES PLAINES, Ill., May 8, 2014 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that its technologies have been selected to produce key ingredients for fuels and synthetic rubber in China.

China's Lijin Petrochemical Plant Co., Ltd. will use Honeywell's UOP C 4 Oleflex™ process to produce isobutylene, an important ingredient for fuels and synthetic rubber. This is UOP's 15th Oleflex project in China in the past three years. Lijin Petrochemical also will use Honeywell's UOP Butamer™ process, which converts normal butane into isobutane to increase feedstock flexibility for the UOP Oleflex process.

Lijin Petrochemical chose UOP's Oleflex process over competing processes based on the superior economics, proven reliability and long track record of other UOP C 4 dehydrogenation units operating around the world.

"As the need for fuels and petrochemical intermediates continues to grow around the globe, UOP is providing solutions that help producers meet local demand and capture a high return on their investment," said Pete Piotrowski, senior vice president and general manager of Honeywell's UOP Process Technology and Equipment business unit. "UOP's Oleflex technology will be used in China to produce about 1 million metric tons annually of isobutylene, and we look forward to working with Lijin to make this project a success."

The new unit, which is expected to start up in 2015, will produce 170,000 metric tons annually of isobutylene product at its facility in Shandong Province, China. UOP will provide the engineering design, technology licensing, catalysts, adsorbents, equipment, staff training, and technical service for the project.

Honeywell UOP's Butamer process converts normal butane to isobutane. The UOP Butamer process achieves the highest selectivity with low energy and low capital investment, and has been the leading technology in the industry for decades. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs