Emerald Biofuels LLC has signed an agreement with Honeywell’s UOP to license technology that will produce 85 million gallons of Honeywell Green Diesel™ per year.  Emerald will use UOP/Eni Ecofining™ process technology to convert inedible natural oils and animal fats to the biofuel, which is a drop-in replacement for traditional diesel, and, unlike biodiesel, can be used in any proportion in existing vehicle fuel tanks, storage and pipelines without any changes.

Honeywell Green Diesel offers high energy density, excellent performance at cold or warm temperatures, and features up to an 80 percent lifecycle reduction in greenhouse gas emissions compared with diesel from petroleum.

The Ecofining technology from Honeywell’s UOP will also be used by Valero Energy Corp. and Darling International Inc. in a new unit that will convert animal fats and cooking oil to Green Diesel in Valero’s St. Charles refinery near Norco, Louisiana.  The facility is expected to start up by the end of 2012. 

Read the press release
Learn more about Honeywell Green Diesel

Sinochem has selected Honeywell’s UOP Polybed™ Pressure Swing Adsorption (PSA) technology to recover and purify hydrogen at a new refinery in China.  It will utilize two PSA units to generate the high-purity hydrogen needed throughout the 12 million-ton-per-year refinery for the conversion of crude to clean diesel, gasoline and jet fuels. 

Honeywell’s UOP has UOP has provided more than 900 Polybed PSA systems around the world to date, helping refiners to meet clean fuel specifications and realize more valuable product per barrel of crude oil.

Read the press release

Honeywell’s UOP, a leading provider of technologies and products to produce petrochemicals, announced two new projects in China. 

Both Zhangjiagang Yangzi River Petrochemical Co. Ltd and Shandong Chambroad Petrochemicals Co. will use Honeywell UOP’s C3 Oleflex™ process to produce propylene for use in the production of films and packaging materials.  Additionally, the Shandong Chambroad facility will utilize Honeywell UOP’s C4 Oleflex process to produce isobutylene for use in the production of fuels and synthetic rubber, which will make it the first facility in China to produce both propylene and isobutylene in a single unit, and only the second unit of its kind in the world.  Both projects are scheduled for start-up in 2014.

Since the beginning of 2011, Honeywell’s UOP has announced nine new petrochemical projects in China, Abu Dhabi and North America. Pete Piotrowski, senior vice president and general manager for Process Technology and Equipment at Honeywell’s UOP, comments, ”UOP’s combined Oleflex projects will help increase propylene production by nearly 5 million metric tons globally in the next three years.”

Honeywell Green Jet Fuel™ will be used in the world’s first comprehensive test program using a new natural oil derived from brassica carinata, a non-food industrial crop specifically designed for biofuel production.  Additionally, the flight program will test biofuel blends that contain higher amounts of biofuel than the standard 50/50 mix of biofuel to petroleum fuel used in the aviation industry today. 

The test flights will be completed this spring in Canada with the National Research Council of Canada (NRC) Institute for Aerospace Research and biofeedstock supplier Agrisoma Biosciences, Inc.  In addition to validating the brassica carinata as a viable source for biofuels, the flights will collect valuable inflight emissions data utilizing a trailing aircraft. 

“This is a unique program of test flights, given that we are using a new feedstock to produce the Honeywell Green Jet Fuel, and it will be used in higher ratio than before,” said Jim Rekoske, vice president and general manager of the Honeywell UOP’s Renewable Energy and Chemicals business unit. “Additionally, the collection of in-flight emission will allow for further verification of the superior environmental performance of Honeywell Green Jet Fuel.”

Read the Press Release.
Learn more about Honeywell Green Jet Fuel.
 

Porter Airlines has successfully conducted the first biofuel-powered revenue flight in Canada using aviation biofuel made by Honeywell’s UOP.  The Green Jet Fuel, which was made from the plants camelina and brassica carinata and then blended in a 50/50 ratio with petroleum-based fuel, powered one engine of the Bombardier Q400 turboprop aircraft as it flew from its base at Billy Bishop Toronto City Airport to Ottawa. 

To date, Honeywell’s Green Jet Fuel has been used flawlessly in almost 30 commercial and military flights.  The fuel was approved for use in commercial flight on July 1, 2011, and, since that time, Honeywell’s biofuel has been used on a number of commercial, passenger-bearing flights including an Aeromexico weekly route from Mexico City to Costa Rica, and a United flight from Houston, Texas to Chicago, Ill.  The fuel meets all specifications for flight and has shown improved energy efficiency, allowing aircraft to fly further on less fuel. 

Learn more about Honeywell Green Jet Fuel

Honeywell has announced that it will establish a new research and development center in the Skolkovo Innovation Centre, located in the Moscow suburb of Skolkovo.  The new Honeywell Innovation Center will be a scientific and technological facility for the development and commercialization of advanced technologies for use in the oil, gas and chemical industries, and the development of new educational programs for Russian technical universities.

Norm Gilsdorf, president of Honeywell Process Solutions and Conor Lenihan, vice president for International Co-operations of the Skolkovo Foundation signed the agreement on March 21 under which Honeywell will establish the new Honeywell Innovation Center, supporting the creation of local jobs for research, facilities and laboratory staff and new joint research activities for students and scientists from the Skolkovo Institute of Technology.

“Honeywell has been active in Russia for almost 50 years and as a technology company that invests in research around the globe, creating an R&D centre here in Moscow was a logical next step,” said Gilsdorf. “Russian process industries will need to constantly improve the efficiency of their operations as they compete on the world stage. Local intellectual capital and Honeywell expertise will develop advanced technologies that will provide them with a significant competitive advantage.”

The company reported full-year 2011 results including:
• 2011 sales of $36.5 billion, up approximately 13% over 2010
   – 8% organic sales growth, again reflecting strong end markets, successful new product launches, and continued expansion in high growth regions
• 2011 proforma earnings (excluding the impact of pension mark-to-market adjustments)  of $4.05 per share, up 35% over $3.00 in 2010; Reported EPS of $2.61 in 2011 versus $2.59 in the prior year
   – Pension mark-to-market adjustment of $1.44 per share calculated using 791.6 million weighted average shares outstanding assuming dilution
• 2011 cash flow from operations of $2.8 billion, includes $1.7 billion cash pension contribution in the year
   – 2011 free cash flow of approximately $3.7 billion, prior to $1.7 billion cash pension contribution

“Honeywell had a terrific 2011,” said Honeywell Chairman and CEO Dave Cote. “We executed across the portfolio with record organic sales growth and segment margins. Our 2011 performance reflects the operational and financial disciplines that underpin the transformation that has taken place at the company over the last 10 years. We deployed the Honeywell 5 Initiatives – Growth, Productivity, Cash, People, and our Enablers, and created a common One Honeywell culture committed to continuous improvement. As a result, we built a better set of businesses with Great Positions in Good Industries, a terrific performance track record, a great leadership team with a truly global focus, a very full pipeline of new products and technologies, and our key process initiatives that are gaining momentum. We’ve come a long way, and we feel even better about our future.”

“While we expect a more challenging macro environment ahead in 2012, primarily driven by softness in Europe impacting the short-cycle businesses, we’re confident that Honeywell is well positioned to continue to outperform,” continued Cote.  “Our long-cycle businesses are accelerating, with Commercial Aerospace OE, UOP, Building Solutions & Distribution, and Process Solutions all having substantial backlog, in total just under $16 billion. While we expect growth to moderate in the first half of 2012, we’re confident that we can drive strong sales conversion leading to higher segment margins over the course of the year.  The investments we’ve made, coupled with our execution track record and disciplined playbook, will be key to our continued outperformance in 2012 and beyond.”

For more information, read the press release or listen to a replay of the Investor Conference Call.

UOP LLC, a Honeywell company, announced 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. 

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 was also selected by South Korea’s Kumho P&B Chemicals, Inc. to provide technology to produce key petrochemicals for the manufacture of plastics.  UOP Q-Max™ and UOP Phenol™ process technologies will be integrated at Kumho’s Yeosu, South Korea, facility to produce high-quality phenol. Honeywell’s UOP will provide engineering design, technology licensing, catalysts, adsorbents, and technical service for the project.

According to industry consultants, the demand for materials produced using these petrochemicals is forecasted to grow in Asia by as much as nine percent annually over the next five years, driven by demand for automobiles, appliances, and electronics.

For more information, read the press release on the Samsung Total Petrochemicals Co., Ltd. project and the press release on the Kumho P&B Chemicals facility.

UOP LLC, a Honeywell company, has been selected by Zhejiang Shaoxing Sanjin Petrochemical Co., Ltd. to provide key technology to produce propylene in China.

The win marks the sixth time this year Honeywell’s UOP technology has been selected by petrochemicals producers to produce propylene, which is used in the production of materials such as films and packaging.

The new propane dehydrogenation unit will use Honeywell’s UOP C3 Oleflex process technology to produce 450,000 metric tons annually of propylene. The unit is expected to start up in 2013 at Zhejiang’s facility in Shaoxing City, Zhejiang Province, China. In addition to technology licensing, Honeywell’s UOP will also provide engineering design, catalysts, adsorbents, equipment, staff training, and technical service for the project.

The Oleflex process uses catalytic dehydrogenation to convert propane to propylene. Compared with alternative propane dehydrogenation processes, Oleflex technology provides the lowest cash cost of production and the highest return on investment. These outcomes are enabled by low operating and capital costs, high propylene yield and reliability, and maximum operating flexibility.

For more information, read the press release.

• 3Q11 sales were up 14% to $9.3 billion versus $8.1 billion in 3Q10
    – 8% organic growth reflects continued strength in end markets
• 3Q11 earnings of $1.10 per share, an increase of 45% over $0.76 in 3Q10
    – Segment profit growth and margin expansion in all segments
    – Includes $0.04 benefit from lower tax rate; tax rate favorability expected to be offset in 4Q11
    – Includes $0.33 repositioning and other actions funded by the gain on sale of the divested Consumer Products Group (CPG) business ($0.23, discontinued operations) and OPEB curtailment ($0.10) in the quarter, which will better position the company for 2012 and beyond
• 3Q11 cash flow from operations of $0.7 billion, includes $400 million cash pension contribution
    – 3Q11 free cash flow (cash flow from operations less capital expenditures) of $884 million, excludes $400 million cash pension contribution

The company is raising its 2011 sales and EPS outlook and now expects:
• 2011 sales of $36.5 – 36.7 billion, up approximately 13% over 2010
    – Excludes the divested CPG business, treated as discontinued operations
• 2011 proforma earnings per share of $4.00 – 4.05, up 33 – 35% over 2010
    – Mark-to-market pension adjustments in both periods excluded
• 2011 free cash flow guidance of approximately $3.5 billion, prior to any cash pension contribution

“Honeywell’s strong third quarter results are a continuation of the momentum we’ve seen across our businesses in 2011,” said Honeywell Chairman and CEO Dave Cote.  “Our third quarter sales growth reflects a particularly robust Commercial Aerospace upcycle, with growth in both original equipment and aftermarket sales. It also highlights the company’s extensive innovation pipeline and increasing presence in high growth regions in all our businesses. Our long-cycle backlog continues at near record levels, with sustained strong orders growth particularly at UOP, ACS Solutions, and Commercial Aerospace. Further, our short-cycle businesses, such as Turbo Technologies, Advanced Materials, and ACS Products are performing well overall.” 

“Despite signals of slower economic growth, we expect positive organic growth to continue the rest of this year and into 2012,” concluded Cote. “The repositioning actions we took in the third quarter, funded by non-operational gains, better position our businesses for 2012 and beyond. These repositioning tailwinds, combined with our great positions in good industries, execution track record, and disciplined playbook, will be keys to our continued outperformance.”

For more information, read the press release, watch Chairman and CEO Dave Cote discuss the company’s financial performance on CNBC, or listen to a replay of the Investor Conference Call.