SAN RAMON, Calif. and DES
PLAINES, III., April 13, 2021
/PRNewswire/ -- Chevron Corporation (NYSE: CVX)
and Honeywell (NYSE: HON) today announced the commissioning
and start-up of the world's first commercial-scale ISOALKY process
unit that utilizes ionic liquids to produce alkylate. The
ISOALKY™ technology represents a major innovation in
alkylation technology.
First used in Chevron's Salt Lake
City refinery, the
ISOALKY™ technology is designed to meet the
refining industry's needs for a cost-effective alternative to
conventional liquid acid systems that offers process safety
advantages. Using a non-aqueous liquid salt, or ionic liquid, the
revolutionary new catalytic process is handled with standard
personal protective equipment and produces a valuable high-octane
blending component that helps lower the environmental impact of
gasoline. Pioneered by Chevron U.S.A., Inc., a subsidiary of Chevron, and
licensed to Honeywell UOP, the technology is offered to the entire
industry under the ISOALKY™ brand name.
"The ISOALKY™ plant is an exciting achievement for Chevron and
the Salt Lake Refinery, and it's poised to be a game changer for
the refining industry," said Mike
Coyle, president of Chevron Manufacturing. "We are proud of
the talent and teamwork demonstrated by our people and Honeywell
UOP to bring this project to fruition."
"ISOALKY is a groundbreaking new technology for refiners, and a
lower-risk and economical solution compared to conventional liquid
acid technologies that produce alkylate," said Bryan Glover, president and CEO of Honeywell
UOP. "Ionic liquids have strong acid properties that
enable them to produce alkylate without the volatility of
conventional acids, allowing for simpler handling procedures.
Together with Chevron, Honeywell UOP has commercialized a solution
that meets the rising global demand for cleaner-burning fuels at a
lower cost while simplifying complex handling requirements."
ISOALKY™ technology can be used in new refineries as well as in
existing facilities undergoing capital expansion or retrofit
applications. ISOALKY™ technology has wider and improved feed
flexibility relative to conventional alkylation technologies. Ionic
liquids are regenerated on-site, eliminating the need for road or
marine transportation for offsite regeneration and polymer
byproduct handling. More information about ISOALKY™ technology
can be found here.
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.
About Chevron
Chevron U.S.A. Inc. is a
subsidiary of Chevron Corporation, one of the world's leading
integrated energy companies. Through its subsidiaries that conduct
business worldwide, Chevron Corporation is involved in virtually
every facet of the energy industry. Chevron explores for, produces
and transports crude oil and natural gas; refines, markets and
distributes transportation fuels and lubricants; manufactures and
sells petrochemicals and additives; generates power; and develops
and deploys technologies that enhance business value in every
aspect of the company's operations. Chevron is based in
San Ramon, CA. More information
about Chevron is available at www.chevron.com.
About Honeywell
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world
smarter, safer, and more sustainable. 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.
Contacts:
Chevron media contact:
Tyler
Kruzich
(925) 549-8686
tkruzich@chevron.com
Honeywell media contact:
Tehani Manochio
(973) 216-0684
tehani.manochio@honeywell.com
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SOURCE Honeywell