Honeywell UOP Opens New Catalyst Production Line At Shreveport, La. Facility
July 14, 2016
SHREVEPORT, La., June 14, 2016 /PRNewswire/ -- Honeywell (NYSE: HON) UOP today opened a new production line at its catalyst manufacturing facility in Shreveport, La. The $150 million investment will enable Honeywell UOP to produce a new range of catalysts for the oil refining industry at the facility, which employs 290 people.
The new production line will manufacture catalysts for hydroprocessing, which removes impurities from fractionated crude oil and also makes transportation fuels.
"This is Honeywell UOP's fourth production line at Shreveport, giving us new capacity to meet increased demand in the industry for hydroprocessing catalysts," said Ken Stacherski, vice president and general manager for Honeywell UOP's Catalysts, Adsorbents and Specialties business. "With this and other investments we've made in the last two years, our Shreveport plant becomes one of the most modern catalyst manufacturing facilities in the world."
Construction of the new production line began late in 2014, coinciding with several other investments, including expansion of the facility's third production line, and installation of a new kiln and water clarification system.
As a result of these investments, the Shreveport plant now will be able to produce catalysts in less time while keeping inventories lower. Most of the plant's production is for export to other countries.
Honeywell UOP established the Shreveport plant in 1950 to manufacture its own proprietary catalyst designs. Today, the company also manufactures catalyst and adsorbent products in Baton Rouge, La., Mobile, Ala., McCook, Ill., Reggio de Calabria, Italy, Shanghai and Zhangjiagang, China, and through its Nikki-Universal and Union Showa K.K. joint ventures in Hiratsuka and Yakkaichi, Japan, respectively.
The Shreveport facility manufactures catalysts that can be used in Honeywell UOP's Oleflex', isomerization and hydroprocessing processes, and for processing naphtha.
Catalysts are proprietary structures made of silica, alumina and other elements that aid in the production of specific chemical intermediates from naphtha and distillate. As pellets or powders, they are used in refineries and petrochemical plants and as part of proprietary processes to make a wide range of transportation fuels and petrochemicals.
Honeywell UOP (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 part of Honeywell's Performance Materials and Technologies strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), 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.honeywell.com/newsroom.
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.