Facility will use UOP technology to produce building block materials for plastics to support growing demand
DES PLAINES, Ill., Jan. 10, 2012 -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by South Korea's Kumho P&B Chemicals, Inc. to provide technology to produce key petrochemicals for the manufacture of plastics.
Honeywell's UOP Q-Max™ and UOP Phenol™ process technologies
will be integrated at Kumho's Yeosu, South Korea, facility
to produce high-quality phenol. According to industry
consultants, the demand for materials produced using these
petrochemicals is forecasted to grow in Asia by as much as
9 percent annually over the next five years, driven by
demand for automobiles, appliances and electronics.
"We're pleased to continue to grow UOP's
long-standing relationship with Kumho and for the
opportunity to work with them on our largest cumene
production unit to date," said Pete Piotrowski, senior vice
president for Process Technology and Equipment at
Honeywell's UOP. "As the worldwide petrochemicals demand
increases, Honeywell's UOP will continue to offer the
advanced technology needed to maximize production quality
and capacity to support these needs."
The new units, expected to start up in 2013-2014, will
produce 900,000 metric tons of cumene and 300,000 metric
tons of phenol annually. Honeywell's UOP will provide
engineering design, technology licensing, catalysts,
adsorbents and technical service for the project.
The UOP Q-Max process produces high-quality cumene through
the alkylation of benzene with propylene. The cumene is
subsequently converted to high-quality phenol, with low
feedstock and utility requirements, using the UOP Phenol
process.
The UOP Q-Max process uses a robust and efficient catalyst
system, which maximizes on-stream time, and minimizes raw
material and energy consumption. To date, the total
licensed UOP Q-Max production capacity exceeds 5.8 million
metric tons per year. The low temperature/pressure and low
intermediate inventory design of the UOP Phenol process is
inherently safer, more economical to build, easier to
operate, and provides higher product yields than
competitive technologies. UOP's total licensed phenol
production capacity exceeds 3.4 million metric tons per
year.
Founded in 1976, Kumho P&B Chemicals, Inc. specializes in
the production of phenol and its derivatives, and leads the
Asian phenol industry. The company is based in Yeosu, South
Korea, and is a subsidiary of Korea's Kumho Petrochemical
Company.
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
distribué par | Ce noodl a été diffusé par Honeywell International Inc. et initialement mise en ligne sur le site http://www.honeywell.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-10 15:59:39 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |