Press Release
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Honeywell’s UOP and China National Petroleum Corp. to Collaborate on
Biofuels Projects in China
Companies will evaluate Chinese feedstocks for the production of green
diesel and green jet fuels, evaluate installation of units to produce renewable
fuels and improve ethanol energy efficiency
DES PLAINES, Ill., Nov. 4, 2009 -- UOP LLC, a Honeywell (NYSE: HON)
company, announced today that it signed a memorandum of understanding with
China National Petroleum Corp. (CNPC) under which the two companies will
collaborate on a range of biofuels technologies and projects in China.
Under the terms of the agreement, announced at the 20th meeting of the
China-U.S. Joint Commission on Commerce and Trade (JCCT), the companies will
collaborate to demonstrate existing biofuels technology to produce green
transportation fuels using feedstocks available within China. CNPC will also
evaluate the installation of a demonstration-scale UOP/Eni
Ecofining™ process unit for the production of green diesel fuel, as
well as a larger-scale unit at an existing or new CNPC refinery site.
The companies will also collaborate on the design of an Ecofining unit able to
produce both green diesel as well as renewable jet fuel from Chinese
biofeedstocks, and assess opportunities for raising the energy efficiency of
existing and new ethanol plants in China with the use ethanol of membrane
technology.
The initiatives will enable CNPC to meet the renewable energy targets set forth
by the National Development and Reform Commission (NDRC) of China and are
aligned with a strategic understanding reached by NDRC and the U.S. Department
of Energy and the U.S. Department of Agriculture in 2007 to promote industrial
energy efficiency improvements and emissions reductions.
"This collaboration will advance the development of viable renewable fuels
for the transport sector in China," said Jennifer Holmgren, general manager
of UOP's Renewable Energy and Chemicals. "Collaboration between governments
and private industry is necessary to enable a sustainable biofuels future. We
are honored to work with CNPC to support this initiative, and congratulate all
of the organizations involved for their commitment to a reduced carbon
footprint."
"As a global Fortune 500 business and a responsible corporation, CNPC has
long term commitment in emerging energy technologies and made positive
progress," said Jie Hu, chief engineer of refining & chemicals for
CNPC's PetroChina Company Ltd. "Under the strategic agreement framework
between China and the U.S. to promote clean energy technology, our
collaboration with UOP to promote advanced biofuel technology will enable the
low carbon emission and green economy development in China."
The Ecofining process uses catalytic hydroprocessing technology to convert
natural oils to a green diesel fuel. The product, a direct substitute for
diesel fuel, features a high cetane value (the measure of the combustion
quality of diesel) of approximately 80. Compared to diesel found at the pump
today, which ranges from 40 to 60 cetane, green diesel offers value as a
blending stock for refiners seeking to enhance existing diesel fuels and expand
the diesel pool.
UOP has also developed process technology to produce renewable jet fuel under a
contract from the U.S. Defense Advanced Research Projects Agency (DARPA) for
both military and commercial aircraft. In 2009, UOP announced an alliance with
Vaperma to offer Vaperma's Siftek™ polymer membrane technology,
which is designed to lower energy consumption for reduced operational costs and
emissions in the energy-intensive ethanol production process.
CNPC is one of the largest oil and gas companies in the world and also one of
the pioneer Chinese companies in promoting and deploying advanced biofuel
technologies. CNPC is committed to developing biofuel technologies based on
plentiful biofeedstocks in China.
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
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