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Honeywell's UOP Oleflex™ Technology Selected To Help Meet Growing Fuel And Petrochemical Demand In China

UOP Oleflex process technology will be used to produce 170,000 metric tons of isobutylene per yearDES PLAINES, Ill., Sept. 11, 2014 UOP LLC, a Honeywell (NYSE: HON) company, announced today that its Oleflex™ process technology has been selected to produce key ingredients to help meet the growing demand for fuel and petrochemicals in China. Shandong Shouguang Luqing Petrochemical Co. Ltd. will use Honeywell's UOP C4 Oleflex process technology to produce isobutylene, a key ingredient for making high-octane fuel and synthetic rubber.China is the world's largest energy consumer and producer, according to the U.S. Energy Information Administration, and it has an increasing need for fuel and everyday items such as tires, healthcare supplies and consumer products, which are produced from isobutylene."China needs to produce more isobutylene to support its rapidly increasing consumption needs, so we are pleased to announce another C4 Oleflex license to help meet this need," said Pete Piotrowski, senior vice president and general manager of UOP's Process Technology and Equipment business unit. "Oleflex technology is proven to have the smallest environmental footprint, the lowest cash cost of production, and the highest return on investment compared with competing technologies, and we look forward to continuing to offer this value in China and other parts of the world."The new unit, which is expected to start up in 2016, will produce approximately 170,000 metric tons annually of isobutylene at its facility in Shandong Province, China. UOP will provide the engineering design, technology licensing, catalysts, adsorbents, equipment, staff training and technical service for the project.The C4 Oleflex process uses catalytic dehydrogenation to convert isobutane to isobutylene. The technology consistently delivers superior performance due to its high reliability, low energy usage, high isobutylene yields, and a fully recyclable platinum alumina-based catalyst system using proven continuous catalyst regeneration (CCR) technology.In addition to the C4Oleflex process, UOP licenses its C3Oleflex technology, a propane dehydrogenation (PDH) process to convert propane to propylene.Since the technology was commercialized in 1990, UOP has licensed more than 40 Oleflex units, worldwide including 17 in butane service.Shandong Shouguang Luqing Petrochemical Co. is an independent integrated refiner that produces diesel, gasoline, liquefied petroleum gas, the gas additive MTBE, and polypropylene.UOP LLC( www.uop.com) is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, 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, which also includes Honeywell Process Solutions, a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.Honeywell (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; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywellnow.com.This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. 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:Krystal McMiller(847) 391-3561Krystal.McMiller@Honeywell.com