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Honeywell Announces Opening Of New Acetone Terminal

HONEYWELL ANNOUNCES OPENING OF NEW ACETONE TERMINALIN U.S. MIDWESTNew location offers improved availability of product to manufacturersMORRIS PLAINS, N.J., Oct. 22, 2015 -- Honeywell (NYSE: HON) announced today thatit has opened a new acetone terminal in the U.S. Midwest to better service customers in thatregion of the country.The new terminal, located in the Chicago area and operated by Canal Terminals, offersmanufacturers in the U.S. Midwest a faster and more reliable supply of acetone for theiroperations. Truck deliveries from the new terminal are available immediately."Acetone users in the U.S. Midwest need a reliable supply of product that they canaccess quickly, and this new terminal meets that need," said Paul Sanders, global businessdirector for Honeywell's Resins and Chemicals business. "While there have been disruptions tosupply from other producers in the region, Honeywell continuously produces acetone as part ofits integrated nylon manufacturing operations, which helps provide the supply security acetoneusers require."Honeywell's Frankford, Pa., plant is one of the largest producers of acetone, acommonly-used solvent in applications ranging from automotive and electronics manufacturingto paints and coatings. It is a co-product of the company's phenol production process, which is acritical component in the manufacture of its Aegis® nylon 6 resins.Through its nylon manufacturing operations, Honeywell Resins and Chemicals producesmany other chemical intermediates, including Nadone® cyclohexanone, Naxol® cyclohexanoland caprolactam. The business also manufactures Sulf-N® ammonium sulfate fertilizer, a coproductof caprolactam production. Honeywell's plant in Hopewell, Va., with a capacity of350,000 metric tons of caprolactam per year, is one of the world's largest caprolactam andammonium sulfate plants.In addition to manufacturing, the business also conducts chemical intermediates andpolymer-related research and development at technology centers in New Jersey and Virginia,where it operates laboratory-scale polymer reactors and blown film equipment, as well as inShanghai, China, where the business has extensive analytical capabilities for chemicalintermediates and polymer development.Honeywell Performance Materials and Technologies (PMT) is a global leader in developingadvanced materials, process technologies and automation solutions. PMT's Advanced Materialsbusinesses manufacture a wide variety of high-performance products, including environmentallyfriendlier refrigerants and materials used to manufacture end products such as bullet-resistantarmor, nylon, computer chips and pharmaceutical packaging. Process technologies developedby PMT's UOP business (www.uop.com) form the foundation for most of the world's refiners,efficiently producing gasoline, diesel, jet fuel, petrochemicals and renewable fuels. PMT'sProcess Solutions business (www.honeywellprocess.com) is a pioneer in automation control,instrumentation and services for the oil and gas, refining, pulp and paper, industrial powergeneration, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals andmining industries.Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturingleader, serving customers worldwide with aerospace products and services; controltechnologies for buildings, homes, and industry; turbochargers; and performancematerials. 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 themeaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements ofhistorical 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 inlight of their experience and their perception of historical trends, current economic and industryconditions, expected future developments and other factors they believe to be appropriate. The forwardlookingstatements included in this release are also subject to a number of material risks anduncertainties, including but not limited to economic, competitive, governmental, and technological factorsaffecting our operations, markets, products, services and prices. Such forward-looking statements are notguarantees of future performance, and actual results, developments and business decisions may differfrom those envisaged by such forward-looking statements. We identify the principal risks anduncertainties that affect our performance in our Form 10-K and other filings with the Securities andExchange Commission.