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Honeywell's UOP and Newpoint Gas Sign Agreement for UOP Separex(TM) Membrane Natural Gas Processing Technology

Posted on: Tuesday, 3 March 2009, 09:00 CST

Newpoint gains exclusive rights to use UOP technology for natural gas upgrading in the United States and Canada

DES PLAINES, Ill., March 3 /PRNewswire/ -- UOP LLC, a Honeywell (NYSE: HON) company, announced today it has signed an agreement with Newpoint Gas, LP to exclusively use UOP Separex membrane technology in the design of specific gas treating plants in Canada and the United States.

The agreement gives Newpoint Gas exclusive rights to offer Separex technology as part of its design and fabrication of defined gas processing plants for Canadian and U.S. customers.

UOP's Separex technology upgrades natural gas streams by removing carbon dioxide and water vapor in order to meet the quality standards specified by pipeline transmission and distribution companies, as well as end users of the natural gas.

"As demand for natural gas grows worldwide, processors increasingly need reliable, compact, efficient and low-cost treating solutions," said Peter Piotrowski, senior vice president of UOP's Process Technology and Equipment business. "This agreement brings together proven UOP technology with Newpoint's outstanding design and fabricating experience to provide North American customers the best option to meet their needs."

Newpoint, headquartered in College Station, Texas, offers engineering, equipment and services for the treatment and purification of natural gas. The company has more than 20 years of design and operations experience in natural gas.

"UOP and its Separex systems are world leaders in separation technology for natural gas. This partnership couples Newpoint's efficiencies in rapid equipment designs with UOP's advanced technology," said Wiley Rhodes, CEO of Newpoint Gas. "Together we know we will be a preferred solution supplier."

Separex membrane systems offer lower capital and energy costs, reduced space requirements, and lower installation costs due to their smaller, lighter modular design and lower operating costs. They also require less support due to their simplified operation and maintenance.

The technology also operates with difficult-to-treat gas streams in remote locations, providing confidence in being able to deliver gas when it is needed. Systems can be installed either onshore or offshore, at the wellhead or at gathered facilities. To date more than 70 Separex systems have been installed worldwide.

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 Specialty Materials strategic business group. For more information, go to www.uop.com.

Honeywell International is a $37 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 and Chicago Stock Exchanges. For additional information, please visit www.honeywell.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 UOP LLC

Source: PR Newswire

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