DES PLAINES, Ill., May 2, 2008 — UOP LLC, a Honeywell (NYSE: HON) company, announced today a price increase of 15 percent for all solid phosphoric acid (SPA) catalysts used in the refining and petrochemical industries. The price adjustments are effective immediately or as contracts allow.
UOP is increasing the prices of SPA catalysts because of the continued high cost of energy and rising raw material prices. The products affected include UOP SPA-1™ catalyst, UOP SPA-2™ catalyst, UOP SPA-1C™ catalyst, UOP HO™ B1 catalyst, and UOP HO™ B2 catalyst.
UOP initially developed SPA catalysts in the early 1930s. They are used in the production of polymer gasoline, a gasoline blending component and higher olefins for the production of lube oil additives, surfactants, agricultural chemicals and coatings as well as cumene, a key intermediary in the production of phenol and acetone.
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 $37 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.
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