First-of-its kind U.S. production plant will utilize on-purpose propylene technology to convert propane from shale gas to propylene for petrochemicals production
DES PLAINES, Ill., Jan. 5, 2012 -- UOP LLC, a NYSE: HON)
company, announced today that it has been selected by The
Dow Chemical Company to provide technology to produce
propylene at a Dow production site in Texas.
Dow Texas Operations will use Honeywell UOP C3 Oleflex™
technology in a new propane dehydrogenation unit to convert
shale gas-derived propane to propylene, a product used in
the production of packaging, adhesives, coatings, cleaners
and many other end-use applications. The facility will
produce 750,000 metric tons per year of polymer-grade
propylene.
The unit is scheduled to start up in 2015. It will be the
first of its kind in the United States and the largest
single-train propane dehydrogenation plant in North
America.
"There is a unique opportunity in today's market where
shale gas development is driving lower prices and greater
availability of propane as a feedstock for petrochemicals,"
said Pete Piotrowski, senior vice president for Process
Technology and Equipment at Honeywell's UOP. "This, along
with global growth in propylene demand, makes the Oleflex
process a highly attractive solution."
"This agreement represents another significant
milestone in our comprehensive plan to further connect
Dow's U.S. operations with cost-advantaged ethane and
propane feedstocks, based on the abundant shale gas
deposits in the U.S.," said Jim Fitterling, Dow Executive
Vice President and President of Feedstocks & Energy and
Corporate Development. "Dow remains committed to our
transformational strategy, and we continue to invest
aggressively to strengthen the competitiveness of our
Performance Plastics, Performance Materials and Advanced
Materials businesses. As the largest consumer of
propylene in non-polypropylene applications, Dow is pleased
to partner with UOP for growth in the Americas."
The Oleflex process uses UOP CCR™ continuous catalyst
regeneration technology to dehydrogenate propane to
propylene over a platinum catalyst. Compared with
alternative propane dehydrogenation processes, Oleflex
technology provides the lowest cash cost of production and
the highest return on investment. These outcomes are
enabled by low operating and capital costs, minimum plot
area requirements, excellent scalability, high propylene
yield, and maximum operating flexibility.
Since the technology was commercialized in 1990,
Honeywell's UOP has commissioned nine C3 Oleflex units for
on-purpose propylene production, with the 10th unit
scheduled to start up in 2012 in Russia.
Dow's industry-leading portfolio of specialty chemical,
advanced materials, agrosciences and plastics businesses
delivers a broad range of technology-based products and
solutions to customers in approximately 160 countries and
in high growth sectors such as electronics, water, energy,
coatings and agriculture.
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 .
) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty 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 .
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.
Contact:
Susan Gross
(847) 391-2380
susan.gross@uop.com
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