May 17, 2016

Shandong Luqing Petrochemical Commissions First C4 Oleflex Unit in China from Honeywell UOP

DES PLAINES, Ill., May 17, 2016 — Honeywell (NYSE: HON) announced today that Shandong Luqing Petrochemical Co. accepted performance of China’s first standalone Honeywell UOP C4 Oleflex™ process unit, producing 170,000 metric tons per year of isobutylene. The unit, located in Shandong Province on China’s East Coast, will support the growing demand for fuel and petrochemicals in China’s industrial sector.

“The new unit started up only 20 months after the project kick-off, about a year earlier than a typical project of this size, due to the use of pre-engineered components,” said Mike Millard, vice president and general manager of Honeywell UOP’s Process Technology and Equipment business unit. “This enabled Shandong Luqing to begin producing isobutylene much sooner, greatly improving project economics.”

In addition to licensing, Honeywell UOP provided the engineering design, catalysts, adsorbents, specialty equipment, staff training and technical service for the project.

The C4 Oleflex process uses catalytic dehydrogenation to convert isobutane to isobutylene, the primary ingredient for making high-octane fuel and synthetic rubber used in tires, healthcare supplies and other consumer products.

The technology consistently delivers superior performance due to its reliability, low energy usage, high isobutylene yields, and a fully recyclable platinum alumina-based catalyst system using proven continuous catalyst regeneration (CCR) technology.

While Shandong Luqing is the first Chinese operator of a standalone Honeywell UOP C4 Oleflex process, the technology now has seven customers in the country with three of them anticipated to start up by the end of 2016.

In addition to the C4 Oleflex process, Honeywell UOP also licenses C3 Oleflex technology, a propane dehydrogenation (PDH) process that converts propane to propylene. Since the Oleflex platform was commercialized in 1990, the company has been selected for 50 units worldwide, including propane (C3), butane (C4) and mixed C3/ C4 service.

Shandong Shouguang Luqing Petrochemical Co. is an independent integrated refiner that produces gasoline, liquefied petroleum gas, and the gas additive MTBE.

Honeywell UOP (www.uop.com) is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries. Honeywell UOP is part of Honeywell’s Performance Materials and Technologies strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.

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.  For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. 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.

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Contact:

John Simley
847-391-2278
john.simley@honeywell.com