Honeywell's UOP Selected to Provide Technology for Petrochemical and Fuels Production in South Korea

Published on Wednesday, 18 January 2012 09:09 Written by TradersHuddle Staff

Complex first to use latest energy-efficient designs, reducing energy consumption by 33 percent

DES PLAINES, Ill., Jan. 18, 2012 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by Samsung Total Petrochemicals Co., Ltd. to provide technologies for the production of key petrochemicals and high-quality diesel and jet fuel at its complex in Daesan, South Korea.

The integrated aromatics complex will be the first to employ the latest energy-efficient designs from UOP, allowing Samsung to reduce energy consumption by 33 percent and offering significant savings in greenhouse gas emissions compared with earlier designs. 

"This facility will play an important role in meeting the significant demand growth in the region," said Peter Piotrowski, senior vice president of Process Technology and Equipment for Honeywell's UOP. "Our proven and reliable technology, combined with the new savings in energy and emissions we have incorporated into the design, will offer Samsung a distinct advantage."

The facility will use several integrated UOP technologies to produce 1 million metric tons of para-xylene and 500,000 metric tons of benzene per year. Para-xylene and benzene are key aromatics used in the production of synthetic fibers and resins. According to WorldPET, a consultant for the global para-xylene industry, the demand for para-xylene in Northeast Asia is expected to increase by 80 percent over the next five years.

UOP will provide engineering design, technology licensing, catalysts, adsorbents, equipment and technical service for the new units, which are expected to start up in 2014.

The integrated aromatics complex will use the UOP Parex, Sulfolane, Tatoray, Isomar and CCR Platforming processes to produce high-purity para-xylene and benzene.

The UOP Distillate Unionfining and Merox processes will be utilized to to produce 2.6 million metric tons per year of high-quality distillate products, including diesel and jet fuels.

UOP also provided the technology for Samsung's first aromatics complex, which started operation in 1996. 

Samsung Total Petrochemicals Company, Ltd. is a joint venture between Samsung General Chemicals and Total Petrochemical. It produces a range of products, including olefins, base petrochemicals, byproduct fuels and solvents, and operates 13 petrochemicals plants in Korea's Chungnam Province.

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 Performance Materials and Technologies strategic business group. For more information, go to www.uop.com.

Honeywell (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.

SOURCE UOP LLC, a Honeywell company