DES PLAINES, Ill., Nov. 29, 2011 — UOP LLC, a Honeywell (NYSE: HON) company, announced today that it will expand its portfolio of natural gas treatment technologies through an exclusive marketing alliance with the Netherlands-based Twister B.V.
Honeywell’s UOP will now offer the Twister supersonic gas separation technology, which is used to remove water and heavy hydrocarbons present in natural gas when it comes out of the ground. The technology expands UOP’s current suite of natural gas processing technologies and equipment that remove impurities such as water, carbon dioxide, sulfur compounds and mercury from natural gas streams, and that separate and recover natural gas liquids.
Honeywell’s UOP has also acquired a minority position in Twister B.V.
“Natural gas has quickly become an important source of energy in markets around the world,” said Rajeev Gautam, president and CEO of Honeywell’s UOP. “Twister’s state-of-the-art solutions put UOP in a unique position to offer turn-key gas processing solutions and give our customers an advantage in a rapidly growing segment.”
According to the International Energy Agency, natural gas use is growing the fastest of all fossil fuels, with consumption projected to increase at an average annual rate of 2.4 percent between now and 2016. Much of the natural gas found in the world contains contaminants that must be removed before the natural gas can be transported and consumed.
The Twister® Supersonic Separator is used to condense and separate water and heavy hydrocarbons for natural gas dehydration, hydrocarbon dewpointing and natural gas liquid extraction. The compact, lightweight system has no rotating parts and requires no chemicals; these features allow for simple and reliable operation.
For almost 60 years, Honeywell’s UOP has provided advanced solutions for natural gas processing, from treating and conditioning of gas for pipeline delivery to integrated operations producing on-spec liquefied natural gas (LNG). UOP technology, adsorbents and equipment are utilized in on-shore and off-shore gas processing applications around the world.
Twister B.V. is headquartered in Rijswijk, the Netherlands and is a supplier of equipment and consulting services to the natural gas processing industry. Twister B.V, is a private company incorporated in the Netherlands. It is jointly owned by Shell Technology Ventures Fund 1 B.V. (STV), managed by Kenda Capital B.V., and Lime Rock Partners. STV is an investment fund focused on accelerating the development and deployment of new technologies primarily in the upstream oil and gas sector as well as selective investments in the downstream, renewable energy and by-product recycling technologies. Lime Rock Partners is a long-term investor of growth capital in energy companies worldwide, investing in exploration and production, energy services and oilfield technologies.
UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, 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 Specialty Materials strategic business group. For more information, go to www.uop.com.
Honeywell International (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; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
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.
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