Suite of UOP technologies, equipment will produce 1 million metric tons per year of valuable petrochemicals for plastics production, as well as high-quality gasoline to meet growing demand
DES PLAINES, Ill., July 21, 2015 UOP LLC, a Honeywell (NYSE: HON) company, announced today that China's Ningxia Baota Chemical Fiber Co., Ltd. will use Honeywell UOP's latest generation technologies and equipment to build an energy-efficient petrochemical complex. The Yinchuan City, Ningxia, China, complex will produce valuable petrochemicals as well as high-quality gasoline, and is expected to come online in 2018.The new complex will be the first in China to use Honeywell UOP's
energy efficient aromatics complex design
to convert heavy naphtha, a product of the oil refining process, into 800,000 metric tons per year of high-purity
-xylene is the primary component for making synthetic fibers, packaging and plastics, and it is in high demand in Asia. The plant will also produce 520,000 metric tons per year of high-quality gasoline and 200,000 metric tons per year of benzene, a basic petrochemical building block."Nowhere in the world is
-xylene demand growing as fast as it is in Asia," said Mike Millard, vice president and general manager of Honeywell UOP's Process Technology and Equipment business. "UOP's next-generation aromatics technology combines the latest catalysts and adsorbents with an energy-efficient design to reduce energy consumption by as much as 20 percent, helping achieve the lowest cost of operation for
-xylene producers in the industry. With UOP technology, Ningxia Baota can become a more competitive player in the Asian
-xylene market, which accounts for 83 percent of the global
-xylene demand."In addition to licensing, Honeywell UOP will provide the basic engineering, commissioning services, training services, proprietary equipment, catalysts and adsorbents for the new complex.Honeywell UOP technologies licensed for the complex include:
- The UOP Naphtha Hydrotreating process to pre-treat reforming feed.
- The UOP CCR Platforming™ process to convert low-quality naphtha to high-octane blending components for gasoline and a feed for aromatics production.
- The UOP Extractive Distillation (ED) Sulfolane™ process to recover high-purity benzene and toluene.
- The UOP Tatoray™ process to increase production of benzene and xylenes.
- The UOP Parex™ process to recover para-xylene from mixed xylenes.
- The UOP Isomar™ process to convert mixed xylenes or naphtha reformate into more valuable high-purity para-xylene.
- The UOP Par-Isom™ process to upgrade light naphtha into high-value isomerate for gasoline blending.
Honeywell UOP is the world's leading licensor of process technology for the production of aromatics. As of last year, UOP licensed more than 100 complexes and more than 700 individual process units for the production of aromatics, including more than 300 CCR Platforming process units, 42 Isom process units, 155 Sulfolane process units, 80 Isomar process units, 65 Tatoray process units and 100 Parex process units worldwide.Ningxia Baota Chemical Fiber Co., Ltd. is a subsidiary of Ningxia Baota Petrochemical Co., Ltd., which offers crude oil processing services with a total production capacity of 25 million metric tons. Founded in 1997, the company is based in Yinchuan City, Ningxia, China.UOP LLC (
) 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 (
) 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
.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.