Process technology, catalysts and equipment to help reduce Nigeria's dependence on imported fuel and petrochemicals
DES PLAINES, Ill., June 4, 2015
UOP LLC, a Honeywell International Inc. (NYSE: HON) company, announced today that its process technology, catalysts and proprietary equipment will form the basis for the largest refinery in Africa, reducing Nigeria's dependence on imported fuels and petrochemicals.
Dangote Oil Refining Company selected UOP technology for a world-scale integrated refinery and petrochemical plant to be built in Lekki, near the capital of Lagos in southwestern Nigeria.
Nigeria has the second-largest amount of proven oil reserves in Africa an estimated 37.2 billion barrels, according to Oil & Gas Journal
. However, the country currently imports most of its refined product requirements due to lack of domestic refining capacity.
"UOP has been designing state-of-the-art refineries and petrochemical plants for more than a century, so we are well-equipped to help Nigeria develop a massive new installation to meet its domestic needs," said Pete Piotrowski, senior vice president and general manager of UOP's Process, Technology and Equipment business. "This project will enable Dangote to improve Nigeria's oil refining capabilities, reduce the country's dependence on imports, and work to revive and transform the Nigerian economy."
The Dangote Group is the largest industrial conglomerate in West Africa and one of the largest in Africa. The company has a number of interests, including cement, real estate, oil, natural gas, telecommunications, fertilizer and steel. The Group focuses on local, value-added products and services that meet the needs of the African population.
In addition to processing crude oil to produce high-quality gasoline, diesel and jet fuel that meet Euro V specifications for reduced emissions, the new facility will produce world-scale quantities of polypropylene, a key petrochemical used in plastics and packaging.
UOP technologies at this facility will include:
- The UOP Resid Fluid Catalytic Cracking process to produce transportation fuels from crude oil. It will also supply propylene, which will be used as a feedstock for polypropylene.
- The CCR Platforming™ process to produce high-octane gasoline blending components.
- The Unicracking™ process to produce diesel.
- The Penex™ process to produce high-octane gasoline.
- The crude distillation unit (CDU) design, which will be provided by UOP's alliance partner, Process Consulting Services
In addition to technology licensing and design services, the UOP organization is working with Dangote Oil Refining Company to provide catalysts, adsorbents and proprietary equipment for the project.
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 International Inc.'s Performance Materials and Technologies strategic business group, which also includes Honeywell International Inc. Process Solutions, a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.
Honeywell International Inc. (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 International Inc., please visit www.honeywellnow.com
Honeywell International Inc. has no affiliation or connection whatsoever with The Honeywell Group of Nigeria companies.
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.