UOP LLC, a subsidiary of
Honeywell International Inc
), recently announced that its UOP Russell equipment has been
selected by PennTex Midstream Partners to recover valuable Natural
Gas Liquids (NGL) in Northern Louisiana. The production is expected
to start by the first quarter of 2015.
PennTex operates leading energy logistics business through
strategic partnerships with its customers. The UOP Russell solution
provides supply and installation of modular cryogenic, dehydration,
acid gas removal, residue compression, control system and site
electrical equipment for office, control room, motor control center
and compressor requirements. This will facilitate to meet the
increasing demand of midstream services in Northern Louisiana.
Meeting PennTex's requirement for faster installation and reliable
production, the UOP Russell modular equipment offers superior
quality control. The equipment is likely to process 200 million
cubic feet per day of natural gas and can easily be shipped to
distant locations where gas is discovered in a cost-effective
manner. This helps customers to quickly begin processing gas and
The UOP Russell's modular construction approach is competitive
in comparison to other approaches, facilitating faster assembly and
allowing equipment to enter into service up to six months faster
than other approaches.
Honeywell, the parent company, is a global diversified technology
and manufacturing firm with a wide range of products and services.
These include 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 now include
Icahn Enterprises, L.P.
Noble Group Ltd.
), each carrying a Zacks Rank #1 (Strong Buy).
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