UOP LLC, a subsidiary of
Honeywell International Inc
) recently announced that it will be supplying process technology
and modular equipment to hydro skimming refinery Pakistan
Refinery Limited (PRL) for increasing the production of gasoline.
With this new technology, PRL will be able to convert naphtha,
which it currently exports, to high-octane gasoline. Additionally
for PRL's Penex unit, UOP will provide catalyst, adsorbent,
engineering and technical support. For extended catalyst life, it
will also provide a drier regeneration control system which will
process 5,000 barrels per day of light naphtha. The unit is
expected to start by mid-2015. A modularized solution for PRL's
Penex unit is expected to meet the quality standards and make
on-time delivery at cost-effective ways.
The technology from Honeywell is well suited to meet the rising
demand for gasoline. This technology will help PRL to
produce isomerate, a high-value gasoline blending component.
Honeywell's UOP process technology reduces costs, generates high
returns on investment and has the smallest environmental
footprint with reduced emissions.
The UOP modular units are much more competitive than other
similar units in the market, can withstand adverse weather
conditions and are in line with the quality and specifications.
These units can reduce onsite installation time thereby enabling
to start a project earlier than its required time. UOP already
has sold 220 Penex units and its isomerization catalysts have
been loaded into more than 300 units globally.
Honeywell offers a wide range of aerospace products and services;
control, sensing and security technologies for buildings, homes
and industry; turbochargers; automotive products; specialty
chemicals; electronic and advanced materials; process technology
for refining and petrochemicals; and energy-efficient products
and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth a look include
Noble Group Ltd
). While Noble Group holds a Zacks Rank #1 (Strong Buy), 3M
Company and CLARCOR Inc carry a Zacks Rank #2 (Buy).
CLARCOR INC (CLC): Free Stock Analysis Report
HONEYWELL INTL (HON): Free Stock Analysis
3M CO (MMM): Free Stock Analysis Report
NOBLE GROUP LTD (NOBGY): Get Free Report
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