UOP LLC, a unit of Honeywell International Inc.HON , announced that a new UOP Russell modular gas processing plant in northern Louisiana has come online. This represents the second turnkey UOP Russell plant to be commissioned by PennTex Midstream Partners, LP. The plant can process up to 200 million standard cubic feet of natural gas per day.
The plant has started processing rich natural gas and recovering valuable natural gas liquids (NGLs). UOP Russell pre-engineered modular gas processing plants, in combination with a turnkey solution, facilitate companies to process gas and recover valuable NGLs quicker than stick-built plants. Interestingly, they ensure improved quality and compelling economics.
PennTex's first UOP Russell gas plant became operational in May this year. Honeywell UOP delivered and installed modular cryogenic, dehydration, acid gas removal, and inlet/residue compression units for the first and the second UOP Russell gas plants. The Honeywell unit also provided the control system, the flare system and site electrical equipment for both the PennTex projects. It also supplied site utility systems and buildings for office, motor control center, control room and compressors.
Honeywell UOP's Gas Processing and Hydrogen business offers numerous technologies to treat and process natural gas, and the UOP Russell modular equipment is one of the most significant in this regard. UOP also provides a range of technologies such as Callidus flares as well as technologies to get rid of contaminants from raw natural gas streams and purification of hydrogen for use in refineries.
Natural gas will likely become the world's second-largest energy source in just two decades. Hence, the ability to process gas reserves efficiently is vital. Honeywell UOP's technology has catered to the needs of over 3,600 individual process units in a wide range of applications globally. The unit also supplies modular equipment to the refining and petrochemical industries worldwide.
Also, Honeywell Process Solutions assists operators in improving plant reliability and efficiency as well as decreasing costs and risk. For this, it provides its advanced automation, monitoring and safety and security systems for the complete gas supply chain.
Honeywell currently has a Zacks Rank #3 (Hold). Some better-ranked stocks include Leidos Holdings, Inc LDOS , Engility Holdings, Inc EGL and Northrop Grumman Corporation NOC . Leidos sports a Zacks Rank #1 (Strong Buy), while both Engility and Northrop Grumman hold a Zacks Rank #2 (Buy).