Press Release
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UOP Technology selected by ONGC Mangalore Petrochemicals LTD. for new
Aromatics Complex in India
Complex to produce 1.175 million metric tons per year of high purity
aromatics making it the largest petrochemical plant in southern India
DES PLAINES, Ill., April 29, 2008 -- UOP LLC, a Honeywell (NYSE: HON) company,
announced today that ONGC Mangalore and Petrochemicals Ltd. has selected UOP to
supply technology, basic engineering services and equipment for a new aromatics
complex to be installed in Mangalore, India.
The new petrochemical complex is expected to produce 900,000 metric tons per
annum (MTA) of para-xylene as well as about 275,000 MTA of benzene to support
growing demand for these petrochemicals in Asia. Para-xylene is a key
ingredient in the production of intermediates used to make polyester for fabric
and PET (polyethylene terephthalate) chips for carbonated soft drink and water
bottles. Benzene is used to manufacture other chemicals used in the production
of polymers, plastics, resins, and nylon.
The aromatics complex will be integrated with an existing Mangalore Refinery
and Petrochemical Ltd. refinery complex located in the Mangalore Special
Economic Zone and will use the naphtha and aromatic-rich stream from the
refinery as feedstock to produce aromatics. It is scheduled to be completed in
2010. It will be the largest petrochemicals plant built to date in southern
India.
“UOP worked closely with us in building our existing refinery, and we are
pleased to work with them again in the development of this new project, which,
when completed, will help to meet the growing demand of petrochemical products
in this region” said C.B. Subramanian, ONGC Mangalore and Petrochemicals Ltd
chief operating officer. “We are confident that this will be among the most
competitive petrochemicals facilities in the world using the most advanced
technologies, and we consider UOP to be an important partner to help us make
this happen.”
The new facility will utilize naphtha along with aromatic-rich stream from the
existing refinery as the feedstock to produce aromatics. A wide range of UOP
technologies will be used for the production of high purity aromatics including
the UOP CCR Platforming™ Process, the UOP Isomar™ Process, the UOP Parex™
Process, the UOP Tatoray™ Process and the Shell Sulfolane™ Process.
ONGC Mangalore Petrochemical Corp. is promoted by the Oil and Natural Gas Corp.
(ONGC), the largest crude oil and natural gas producer in India, and Mangalore
Refinery and Petrochemical Ltd., operator of a state-of-the-art refinery that
processes 12.5 million tons of crude oil per year to produce naphtha, petrol,
aviation turbine fuel (ATF), diesel, fuel oil and bitumen.
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 is a $36 billion 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 additional information, please visit www.honeywell.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.
Contacts:
Don Empie
(847) 391-2278
donald.empie@uop.com
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