Honeywell's UOP and Newpoint Gas Sign Agreement for UOP Separex(TM) Membrane Natural Gas Processing Technology
March 03 2009 - 10:00AM
PR Newswire (US)
Newpoint gains exclusive rights to use UOP technology for natural
gas upgrading in the United States and Canada DES PLAINES, Ill.,
March 3 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company,
announced today it has signed an agreement with Newpoint Gas, LP to
exclusively use UOP Separex membrane technology in the design of
specific gas treating plants in Canada and the United States. The
agreement gives Newpoint Gas exclusive rights to offer Separex
technology as part of its design and fabrication of defined gas
processing plants for Canadian and U.S. customers. UOP's Separex
technology upgrades natural gas streams by removing carbon dioxide
and water vapor in order to meet the quality standards specified by
pipeline transmission and distribution companies, as well as end
users of the natural gas. "As demand for natural gas grows
worldwide, processors increasingly need reliable, compact,
efficient and low-cost treating solutions," said Peter Piotrowski,
senior vice president of UOP's Process Technology and Equipment
business. "This agreement brings together proven UOP technology
with Newpoint's outstanding design and fabricating experience to
provide North American customers the best option to meet their
needs." Newpoint, headquartered in College Station, Texas, offers
engineering, equipment and services for the treatment and
purification of natural gas. The company has more than 20 years of
design and operations experience in natural gas. "UOP and its
Separex systems are world leaders in separation technology for
natural gas. This partnership couples Newpoint's efficiencies in
rapid equipment designs with UOP's advanced technology," said Wiley
Rhodes, CEO of Newpoint Gas. "Together we know we will be a
preferred solution supplier." Separex membrane systems offer lower
capital and energy costs, reduced space requirements, and lower
installation costs due to their smaller, lighter modular design and
lower operating costs. They also require less support due to their
simplified operation and maintenance. The technology also operates
with difficult-to-treat gas streams in remote locations, providing
confidence in being able to deliver gas when it is needed. Systems
can be installed either onshore or offshore, at the wellhead or at
gathered facilities. To date more than 70 Separex systems have been
installed worldwide. 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 Specialty
Materials strategic business group. For more information, go to
http://www.uop.com/. Honeywell International is a $37 billion
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 additional information,
please visit http://www.honeywell.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. DATASOURCE: UOP LLC CONTACT: Susan Gross of UOP LLC,
+1-847-375-2380, Web Site: http://www.uop.com/
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