DES PLAINES, Ill., Sept. 25, 2012 /PRNewswire/ -- UOP LLC, a
Honeywell (NYSE: HON) company, announced today that it will
collaborate with Malaysia's
national oil and gas company, Petroliam Nasional Berhad (PETRONAS),
on natural gas processing technology.
The joint development program is focused on technology to
overcome challenges faced by producers of liquefied natural gas
(LNG), as they seek to monetize natural gas more economically by
moving gas processing from onshore facilities to ships that will
moor closer to offshore gas fields.
The program will center on advanced carbon dioxide
(CO2) absorption technology to improve the reliability
of equipment used to remove contaminants from natural gas before it
is liquefied, while also reducing the weight and footprint of the
equipment onboard ships. Technical improvements developed to better
meet LNG specifications may also be deployed in the next generation
of onshore and offshore gas processing equipment.
"The joint program with PETRONAS is another example of how UOP
is committed to developing gas processing innovations to meet the
growing global demand for natural gas, especially in Southeast Asia," said Rebecca Liebert, vice president and general
manager for the Gas Processing and Hydrogen unit of Honeywell's
UOP. "We look forward to a successful joint effort with PETRONAS, a
recognized leader in natural gas in Asia."
PETRONAS is a fully integrated oil and gas company and its Gas
& Power Business is engaged in the processing, liquefaction,
transmission, marketing and trading of natural gas and LNG.
As part of the joint program, PETRONAS and UOP scientists will
work on designs for next-generation equipment to overcome
challenges posed by gas treatment onboard ships, and the two
companies will design and build a land-based pilot plant to
demonstrate the technology.
Natural gas is the world's fastest-growing fossil fuel, with
annual consumption expected to reach 160 trillion cubic feet by
2035. Nearly 35 percent of the world's demand growth for natural
gas during that time will come from Asia, according to the U.S. Energy Information
Administration.
Producers are increasingly seeking new technology for liquefying
natural gas, which is needed to transport natural gas by ship to
regions that cannot be served by domestic production or pipelines.
Natural gas extracted from wells often contains a variety of
contaminants at levels that must be removed before the gas can be
liquefied, stored or transported.
Honeywell's UOP offers technology, equipment and materials to
extract contaminants such as CO2, hydrogen sulfide,
mercury and water prior to liquefaction, or remove trace sulfur
compounds from the feed gas to create cleaner-burning natural gas.
Honeywell's UOP has developed solutions for more than 3,600
individual process units for gas processing in a broad range of
applications, including new applications such as Floating,
Production, Storage and Offloading (FPSO) vessels that recover oil
and natural gas from offshore wells.
Honeywell's UOP has increased business activities in
Southeast Asia during the past
five years. In June 2008, it
established a gas processing design center in Kuala Lumpur, Malaysia, that designs and
delivers fabricated skid-mounted gas processing plants. In
May 2012, it opened a manufacturing
and operations center in Penang,
Malaysia, to produce natural gas purification membrane
elements.
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
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decisions may differ from those envisaged by our forward-looking
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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
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SOURCE Honeywell