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4/16/2013 
Honeywell’s UOP Technology Selected To Treat Liquefied Natural Gas On World’s First Floating Facility 

 

PETRONAS will use Honeywell’s UOP Amine Guard™ FS process to remove contaminants on its Floating Liquefied Natural Gas facility in Malaysia

DES PLAINES, Ill., April 16, 2013 -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has been selected by Malaysia’s Petroliam Nasional Berhad (PETRONAS) to provide technology for acid gas removal on the world’s first Floating Liquefied Natural Gas (FLNG) project known as PETRONAS Floating LNG 1or PFLNG 1.

The PFLNG 1 facility, which is designed to extract natural gas from offshore wells and liquefy and store it for later transport, will use Honeywell’s UOP Amine Guard FS process to remove carbon dioxide and hydrogen sulfide from the liquefied natural gas (LNG) feed streams.


“We are pleased to continue to grow UOP's long-standing relationship with PETRONAS and for the opportunity to work with the company on its historic first floating LNG project,” said Rebecca Liebert, vice president and general manager for Honeywell’s UOP Gas Processing and Hydrogen business unit. “UOP offers a full suite of leading-edge, agile gas processing technologies, enabling us to design solutions for customers monetizing their gas resources. Together with PETRONAS, we are excited to bring continued improvements to meet the world’s growing demand for cleaner-burning and versatile natural gas energy in this new frontier of gas conditioning and treating.”


Scheduled for start-up by the end of 2015, the FLNG unit will be moored approximately 112 miles off the coast of Sarawak, Malaysia, and is designed to produce 1.2 million tons per year of LNG.


FLNG facilities such as PFLNG1 represent a step change in LNG production. Historically, the treatment of natural gas, liquefaction for transport by sea, and loading and offloading have only been possible at onshore plants. FLNG facilities allow these operations to be carried out far from land and closer to offshore gas sources. They will play a significant role in efforts to unlock gas reserves, particularly in remote and stranded fields previously deemed uneconomical to develop.


Honeywell’s UOP Amine Guard FS process was developed to reduce acid gas contaminants to very low levels prior to liquefaction. The technology is used to precondition the gas that results in 40 percent of the world’s LNG production from onshore base-load LNG plants.


UOP’s technology has been modified for use in a floating service environment to minimize plot size, weight and cost, while improving reliability, resistance to rocking motion and expanding the operating envelope. The acid gas removal system was designed in cooperation between PETRONAS and Honeywell’s UOP to obtain an optimized process capable of expansion and handling various feed stream contaminant concentrations.

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; turbochargers; and performance 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.

Contact:
Krystal Hughes
(847) 391-3561
krystal.hughes@honeywell.com

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