DES PLAINES, Ill., April 3, 2012 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it will invest $20 million to expand its production facility in Mobile, Ala., to produce adsorbents and catalysts.
The investment will expand production of Honeywell's UOP IONSIV™ Ion Exchange adsorbents, which remove radioactive material from liquid, and are currently being used in Japan in response to last year's nuclear disaster. It will also support the production of new adsorbents and catalysts used by petrochemical producers and refiners. The expansion is expected to be completed in the fourth quarter of this year.
"This investment helps us meet the demand for our newest advanced materials, as well as established products that are in demand by customers around the world," said Mike Millard, senior vice president and general manager for Honeywell's UOP Catalyst, Adsorbents and Specialties business. "We continue to invest in new technologies that will help meet refiners and petrochemical producers' needs for materials that offer more flexibility, increase production and lower cost."
IONSIV Ion Exchanger adsorbents are crystalline materials that can selectively remove radioactive ions from liquids. At Japan's Fukushima Daiichi nuclear power plant, these adsorbents are successfully being used to reduce radioactive cesium to non-detectable levels in the plant's contaminated wastewater after the earthquake and tsunami last year. These materials have been used commercially for more than 30 years to remove radioactive ions from liquids, such as radioactive waste streams in commercial nuclear power plants, alkaline tank waste, and spent fuel storage pool water.
The Mobile plant also produces Honeywell UOP ADS-47 Parex™ adsorbent, the latest generation of the company's Parex adsorbent. The new adsorbent allows petrochemical producers to increase yields of para-xylene by more than 20 percent over previous technology. Para-xylene is a material used in the production of synthetic fibers such as polyester as well as plastic bottles.
The plant also produces catalysts that help petrochemical producers increase production while reducing energy consumption and greenhouse gas emissions.
Honeywell UOP is a leading producer of catalysts, used in refining, petrochemical and other applications, to produce products ranging from transportation fuels to biodegradable detergents. It pioneered the adsorbents industry more than 60 years ago with the invention of the first synthetic zeolites for use as molecular sieve adsorbents. Today, in addition to a wide range of molecular sieve and activated alumina products, it offers a broad portfolio of adsorbents for the removal of contaminants such as mercury and sulfur compounds.
In addition to Mobile, Honeywell UOP produces catalysts and adsorbents in Baton Rouge, La.; Shreveport, La.; McCook, Ill.; Shanghai, China; Brimsdown, U.K.; and Reggio Calabria, Italy.
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 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.
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