Honeywell's UOP Chosen to Assist in Refinery Upgrade; Shares Edge Lower by 1%

UOP LLC, a Honeywell ( HON ) company, has been selected by the largest refiner in Kazakhstan to utilize UOP technology to help the refinery upgrade its facility and boost the production of gasoline and diesel.

KazMunaiGas' Pavlodar Oil Chemical Refinery will use a range of UOP processes and services to modernize its facility in Northeast Kazakhstan Province, allowing it to meet Euro-5 standards aimed at reducing motor vehicle pollution.

HON is down 0.6% to $69.62 in a 52-week range of $52.21 - $71.43.