UOP Selected by Poland's PKN For New Aromatics Project; Complex to include three UOP processes to produce para-xylene used in polyester and PET production.DES PLAINES, Ill. -- UOP LLC, a Honeywell (NYSE NYSE See: New York Stock Exchange :HON) company, announced today that Polski Koncern Naftowy ORLEN SA (PKN PKN Polish Committee for Standardization PKN Protestantse Kerk Van Nederland (Dutch church) ), the largest oil company in Central Europe, has selected UOP (micro OPeration) The "u" is the substitute letter for the µ symbol. See microinstruction. to supply technology, basic engineering services and equipment for an aromatics project to be installed at PKN's Plock Refinery in Poland. The new project is planned to start up in 2008 and the design work will be done by UOP in Des Plaines, Ill. in conjunction with UOP Limited, UOP's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. based near London, England. Aromatics are one of the most important petrochemical building blocks for the production of plastics and synthetic fibers such as polyester. The new plant will produce 400 kMTA (thousand metric tons per annum) of para-xylene, which is a key ingredient in the production of polyester for fabric and PET (polyethylene terephthalate) chips for carbonated soft drink and water bottles. UOP will design a Parex(TM) process unit to extract pure para-xylene, an Isomar(TM) process unit to convert other xylenes to para-xylene, and a Tatoray(TM) process unit to convert toluene toluene (tōl`y ēn') or methylbenzene (mĕth'əlbĕn`zēn), C7H8 and heavy aromatics to xylenes. The Parex process unit, due to its very efficient operation, will be replacing an existing para-xylene crystallizer. The Tatoray process unit will be replacing a Detol unit in order to maximize the production of xylenes from the available feedstock. These units will be the first installation of their kind in Poland. UOP has been working with PKN and its predecessor companies, Petrochemia Plock and MZRiP since 1974 when UOP licensed a hydrofluoric acid (HF) alkylation alkylation /al·kyl·a·tion/ (al?ki-la´shun) the substitution of an alkyl group for an active hydrogen atom in an organic compound. al·kyl·a·tion n. process unit, which is used in the production of high-octane gasoline. Since that time, UOP has licensed two CCR 1. CCR - condition code register. 2. CCR - (Database) concurrency control and recovery. Platforming(TM) process units, a Penex(TM) process / DIH DIH Droit International Humanitaire (International Humanitarian Law) DIH Derecho Internacional Humanitario (International Humanitarian Law) DIH Diploma in Industrial Health (British) (deisohexanizer) unit, a Unicracking(TM) process unit, and an FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. (Fluid Catalytic Cracking) process unit at the Plock Refinery. PKN ORLEN, headquartered in Plock, Poland is the largest oil company in Central Europe and comprises 80 commercial companies. It owns and operates three refineries located in Plock, Trzebinia and Jedlicze, Poland. PKN ORLEN also owns and operates the largest network of petrol stations in Poland. UOP LLC, headquartered in Des Plaines, Illinois “Des Plaines” redirects here. For the river, see Des Plaines River. Des Plaines (pronounced IPA [dɛsˈpleɪnz]) is a city in Cook County, Illinois, United States. , USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly owned subsidiary of Honeywell International, Inc. and is part of Honeywell's Specialty Materials strategic business group. For more information, go to www.uop.com. Honeywell International is a $30 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. This report contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission. |
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