Honeywell's UOP Wins Third License For Breakthrough Methanol-To-Olefins Technology To Convert Coal Into High-Value

   Honeywell's UOP Wins Third License For Breakthrough Methanol-To-Olefins
          Technology To Convert Coal Into High-Value Petrochemicals

China's Shandong Yangmei Hengtong Chemicals to use technology to tap low-cost,
abundant coal feedstocks to produce plastics building blocks

PR Newswire

DES PLAINES, Ill., Nov. 8, 2012

DES PLAINES, Ill., Nov. 8, 2012 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE:
HON) company, announced today the third technology license for its
breakthrough methanol-to-olefins (MTO) technology, which converts methanol
from coal into key plastics building blocks.

China's Shandong Yangmei Hengtong Chemicals Co. Ltd. will use Honeywell UOP's
advanced MTO process, which combines Honeywell's UOP/Hydro MTO process and the
Total Petrochemicals/UOP Olefin Cracking process to convert methanol from
gasified coal into ethylene and propylene, building block materials used in
the production of films, packaging, plastics and other petrochemicals.

China is the world's largest producer of coal, accounting for nearly half of
global production, according to the U.S. Energy Information Administration,
making it an attractive alternative feedstock for in-country production of
plastics building blocks.

"UOP's advanced MTO solution allows petrochemical producers in China such as
Shandong to tap abundant and cheap coal resources, produce high yields of
valuable petrochemicals, and reduce operating costs," said Pete Piotrowski,
senior vice president and general manager of Honeywell's UOP Process
Technology & Equipment business unit. "This technology will help Shandong meet
growing demand in China for ethylene and propylene."

Shandong will use UOP's advanced MTO solution to produce more than 295,000
metric tons ethylene and propylene annually at its facility in Tancheng, Linyi
City, China. In addition to technology licensing, Honeywell's UOP will provide
basic engineering, catalysts, adsorbents, specialty equipment, technical
services and training for the project, which is expected to start up in 2014.

The MTO process, jointly developed by Honeywell's UOP and INEOS (formerly
Hydro), converts methanol derived from crude oil and non-crude oil sources
such as coal or natural gas to ethylene and propylene. The process, based on
proprietary UOP catalysts, is proven to provide high yields with minimal
byproducts. MTO also offers flexibility in the quantity of propylene and
ethylene produced, so producers can adjust plant designs to most effectively
address market demands.

Shandong will also use the Olefin Cracking Process, which boosts the total
yield of useable ethylene and propylene by further converting olefins produced
during the MTO process.

Previously, Honeywell's UOP announced two other MTO projects. China's Wison
(Nanjing) Clean Energy Company Ltd. also licensed Honeywell UOP's advanced MTO
solution. China's Jiutai Energy (Zhungeer) Co. licensed Honeywell's UOP/Hydro
MTO process. The facilities are expected to produce 295,000 and 600,000 metric
tons of ethylene and propylene per year, respectively.

Shandong Yangmei Hengtong Chemicals Co. Ltd. is a global chemical enterprise
that produces urea, methanol, caustic soda, hydrogen peroxide and polyvinyl
chloride.The company is based in Linyi, China and operates as a subsidiary of
Shanxi Yangquan Coal Industry (Group) Co., Ltd.

UOP LLC, headquartered in Des Plaines, Illinois, 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 Performance
Materials and Technologies strategic business group. For more information, go
to www.uop.com.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and
manufacturing leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes and industry;
turbochargers; and performance materials. Based in Morris Township, N.J.,
Honeywell's shares are traded on the New York, London, and Chicago Stock
Exchanges.For more news and information on Honeywell, please visit
www.honeywellnow.com.

This release 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.

SOURCE Honeywell

Website: http://www.uop.com
Website: http://www.honeywellnow.com
Contact: Krystal Hughes, +1-847-391-3561, Krystal.Hughes@honeywell.com
 
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