DES PLAINES, Ill., April 15, 2008 — UOP LLC, a Honeywell (NYSE: HON) company, announced today a price increase for its molecular sieve adsorbents effective immediately. The increase covers all molecular sieve products used in insulating glass, refrigeration products, oil refining, gas processing, petrochemical, industrial gas and ethanol production. Price adjustments will vary by product. They are effective immediately or as contracts allow.
UOP is increasing prices of molecular sieve adsorbents because of the continued high costs of energy and raw materials like potassium chloride and sodium hydroxide. The company will also reinvest in manufacturing, research and development capabilities to drive new technology.
UOP invented synthetic molecular sieves in the 1950s and today it is the world’s largest manufacturer of these products with production facilities in the United States, Italy, China and Japan.
UOP high quality molecular sieve adsorbents are used to dry liquids and gases and remove contaminants such as water, carbon dioxide and hydrogen sulfide in refrigerants, windows, natural gas and petrochemical processing, oil refining, ethanol production, packaging, and other applications.
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 is a $36 billion 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 additional information, please visit www.honeywell.com.
This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934.
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