DES PLAINES, Ill., May 13, 2015 /PRNewswire/ -- UOP LLC, a
Honeywell (NYSE: HON) company, announced today that its process
technology, catalysts and proprietary equipment will form the basis
for the largest refinery in Africa, reducing Nigeria's dependence on imported fuels and
petrochemicals.
Dangote Oil Refining Company selected UOP technology for a
world-scale integrated refinery and petrochemical plant to be built
in Lekki, near the capital of Lagos in southwestern Nigeria.
Nigeria has the second-largest
amount of proven oil reserves in Africa – an estimated 37.2 billion barrels,
according to Oil & Gas Journal. However, the country
currently imports most of its refined product requirements due to
lack of domestic refining capacity.
"UOP has been designing state-of-the-art refineries and
petrochemical plants for more than a century, so we are
well-equipped to help Nigeria
develop a massive new installation to meet its domestic needs,"
said Pete Piotrowski, senior vice
president and general manager of UOP's Process, Technology and
Equipment business. "This project will enable Dangote to improve
Nigeria's oil refining
capabilities, reduce the country's dependence on imports, and work
to revive and transform the Nigerian economy."
The Dangote Group is the largest industrial conglomerate in
West Africa and one of the largest
in Africa. The company has a
number of interests, including cement, real estate, oil, natural
gas, telecommunications, fertilizer and steel. The Group
focuses on local, value-added products and services that meet the
needs of the African population.
In addition to processing crude oil to produce high-quality
gasoline, diesel and jet fuel that meet Euro V specifications for
reduced emissions, the new facility will produce world-scale
quantities of polypropylene, a key petrochemical used in plastics
and packaging.
UOP technologies at this facility will include:
- The UOP Resid Fluid Catalytic Cracking process to produce
transportation fuels from crude oil. It will also supply propylene,
which will be used as a feedstock for polypropylene.
- The CCR Platforming™ process to produce high-octane gasoline
blending components.
- The Unicracking™ process to produce diesel.
- The Penex™ process to produce high-octane gasoline.
- The crude distillation unit (CDU) design, which will be
provided by UOP's alliance partner, Process Consulting
Services
In addition to technology licensing and design services, the UOP
organization is working with Dangote Oil Refining Company to
provide catalysts, adsorbents and proprietary equipment for the
project.
UOP LLC (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. UOP is a wholly-owned subsidiary of
Honeywell International Inc. and is part of Honeywell's Performance
Materials and Technologies strategic business group, which also
includes Honeywell Process Solutions, 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.honeywellnow.com.
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
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affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
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SOURCE Honeywell