DES PLAINES, Ill., Oct. 27, 2016 /PRNewswire/ -- Honeywell
(NYSE: HON) today announced China's Dongying Qirun Chemical Co., Ltd. will
license Honeywell UOP's Unicracking™ technology for the production
of diesel and naphtha at its refinery in China's Shandong
Province to meet growing domestic demand for transportation
fuels. Honeywell UOP also will provide engineering, start-up
services, equipment and catalysts.
"The growth in demand for transportation fuel in China now outpaces the U.S. and EU combined,"
said Mike Millard, vice president
and general manager of Honeywell UOP's Process Technology &
Equipment business. "The Unicracking technology provides the
flexibility to upgrade a variety of feedstocks to high-quality
naphtha, kerosene and diesel, and will enable Qirun to produce a
broad slate of products at a reduced cost and with lower
consumption of hydrogen and natural gas."
Since Honeywell UOP's Unicracking process was introduced in
1964, the technology has advanced thanks to the development of more
effective catalysts, unit design and reactor internals. It is
available in multiple flow schemes, including single- and two-stage
processes, and is designed to produce higher yields of
transportation fuels that adhere to tighter regulations using a
wider range of feedstocks. Honeywell UOP has licensed more than
200 Unicracking units in more than 40
countries.
The stand-alone Unicracking unit will process straight
run vacuum gas oil, coker gas oil and light cycle oil. The unit's
fractionation section includes Heavy Polynuclear Aromatics (HPNA)
management, allowing the unit to achieve near 100-percent
conversion throughout the entire cycle length.
According to the U.S. Energy Information Administration,
China's oil consumption is
expected to grow to approximately 11.3 million bbl/d this year, and
maintain an annual growth rate of about 2.6 percent annually
through 2040. Diesel fuel accounted for about one-third of total
oil products demand in China in
2014. Gasoline has a quarter of the consumed petroleum share, with
robust demand due to high sales of light-duty cars.
Qirun Chemical Co., Ltd. is located Dongying City in the Yellow
River delta of Shandong Province.
The company's main products are gasoline, diesel oil, light
hydrocarbons, mixed aromatics, heavy oil, catalytic raw materials,
residual oil, coking raw materials, wax oil, fuel oil, asphalt and
naphtha.
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.
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"forward-looking statements" within the meaning of Section 21E of
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SOURCE Honeywell