Press Release


Honeywell UOP Technology Selected By Petrobras For Two New Refineries To Expand Diesel Production

UOP will provide all process technologies for two new diesel refineries in Brazil to process 900,000 barrels per day of crude oil

DES PLAINES, Ill., Nov. 10, 2010 -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that Petroleo Brasileiro S.A. (Petrobras) has selected UOP to provide all of the process technologies for two new maximum diesel refineries to be built in Brazil.

UOP hydrocracking and hydrotreating technologies will be used to produce high-quality diesel fuel from Brazilian national crude oils at two new refineries. Petrobras plans to construct a two-train 600,000 barrel per day (bpd) facility in Maranhão, Brazil, to be known as Premium I, and a single-train 300,000 bpd facility in Ceará, Brazil, to be known as Premium II.
Basic engineering for the refineries is currently under way. Commissioning of the first train at the Premium I facility is planned in 2014 and the Premium II facility in 2017.

“The high yields from our market-leading hydrocracking technology combined with our proven methodology for refinery optimization will enable Petrobras to produce the maximum yields of high-quality diesel product while maximizing the economic value of the project,” said Rajeev Gautam, president & CEO of Honeywell’s UOP. “The work processes we employ allow us to streamline new refinery projects, optimize yields and energy and maximize the return on investment for our customers.”
According to OPEC, global demand for diesel fuels is expected to grow from 24.5 million bpd to 34.2 million bpd by 2030 driven by an increasing share of diesel cars in developing regions around the world. Diesel production is projected to account for 60 percent of the rise in oil demand expected over the next 20 years.

Honeywell’s UOP is a recognized leader in diesel production process technology, products and equipment.

Both facilities will utilize the UOP Unicracking™ hydrocracking process and the UOP Unionfining™ hydrotreating process to upgrade feedstocks to ultra-low-sulfur-diesel. Selective Yield Delayed Coking (SYDECSM) technology provided by Foster Wheeler USA will also be employed to maximize diesel production by converting the residue portion of the crude oil to an intermediate product used in diesel production. UOP will also serve as the Front-End Engineering Design (FEED) contractor to provide a firm basis for procurement and construction at the site. Design of the crude and vacuum systems in the refineries will be provided by Process Consulting Services, Inc. through an alliance partnership with UOP.

Petrobras is the fourth largest energy company in the world.  With 16 refineries in operation, Petrobras produces more than 1.9 million barrels of transportation fuels per day.

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 Specialty Materials strategic business group. For more information, go to www.uop.com.

Honeywell International (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; 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 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 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

 

Media Relations Contact

Susan Gross
(847) 391-2380   
susan.gross@uop.com