petrochemical plastics, modular refinery

world crude oil price today, petrochemical plastics,The conditions created by the presence of corrosive compounds in crude oils,

Honeywell’s Specialty Materials Strategic Business Group

DES PLAINES, Ill. July 10, 2008 — UOP LLC, a Honeywell (NYSE: HON) firm, introduced in the present day that PetroChina Sichuan Petrochemical Co. Ltd. a subsidiary of the PetroChina Company Limited, has selected UOP to provide know-how, fundamental engineering companies and gear for a new built-in refining and petrochemicals complicated to be installed at its facility close to Chengdu, Sichuan Province.

Engineering design is presently in progress.
liquid chlorine storage tank“This challenge is a true collaboration between PetroChina and UOP and will likely be some of the built-in services on the earth,” stated Peter Piotrowski, senior vice president for UOP’s Course of Technology petrochemical plastics and Equipment enterprise unit. “UOP is excited to be involved as the principle licensor. We have a protracted relationship with PetroChina and have designed many plants for them in several areas.” The brand new plant is a grass roots installation that may produce each fuels and petrochemicals, including 600 thousand metric tons per annum of para-xylene using the UOP ParexTM process. Paraxylene is a key ingredient in the manufacturing of PTA (purified terephthalic acid), which is used to make polyester for fabric and PET (polyethylene terephthalate) chips for carbonated soft drink and water bottles. The brand new plant may even produce more than 350 thousand metric tons per annum of benzene, additionally a building block in plastics manufacturing. The demand for para-xylene in China is expected to grow at an annual fee of eleven % over the subsequent 10 years driven largely by the downstream market.

PetroChina Selects UOP Expertise for brand new Aromatics Undertaking at Chengdu Feedstock to the aromatics advanced will in part be offered by a new UOP Unicracking™ course of unit that will course of 2.2 million tons per year of heavy gasoline oil from crude oil and convert it to extra usable merchandise similar to diesel, kerosene, and naphtha. The para-xylene complicated can even embrace a UOP CCR Platforming™ process unit to convert naphtha to aromatics and hydrogen, a UOP Isomar™ process unit to convert different xylenes to para-xylene, and a UOP TatorayTM course of unit to extend the yield of para-xylene and benzene.

This will be the fifth aromatics complicated UOP has designed for PetroChina and the sixth Unicracking unit.

With 2.69 million barrels per day of crude manufacturing and 4.6 billion cubic toes per day of pure gasoline production, China Nationwide Petroleum Company (CNPC) is China’s largest producer and provider of energy. PetroChina is the largest subsidiary of CNPC and is liable for its home operations in the areas of oil and fuel exploration and improvement, oil refining and petrochemical production, advertising, pipeline transportation, and natural gas sales and utilization.

UOP LLC, headquartered in Des Plaines, Illinois, USA, is a number one international provider and licensor of course of know-how, catalysts, adsorbents, course of plants, and petrochemical plastics 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 Specialty Materials strategic enterprise group. For extra info, go to www.uop.com.

Honeywell Worldwide is a $37 billion diversified expertise and manufacturing chief, serving customers worldwide with aerospace products and services; management applied sciences for buildings, homes and industry; automotive merchandise; turbochargers; and specialty materials. Based in Morris Township, N.J. Honeywell’s shares are traded on the new York, London and Chicago Inventory Exchanges. For additional information, please go to www.honeywell.com.

This release incorporates “forward-wanting statements” throughout the that means of Part 21E of the Securities Change Act of 1934. All statements, aside from statements of reality, that handle actions, events or developments that we or our administration intend, expect, project, consider or anticipate will or could happen in the future are ahead-trying statements.

Ahead-wanting statements are based on management’s assumptions and assessments in mild of previous expertise and developments, present circumstances, expected future developments and different relevant factors. They aren’t ensures of future performance, and actual outcomes, developments and enterprise decisions may differ from those envisaged by our forwardlooking statements. Our forward-looking statements are also topic to risks and uncertainties, which may affect our efficiency in both the near- and long-term. We establish the principal risks and uncertainties that affect our performance in our Kind 10-K and other filings with the Securities and Exchange Fee.