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UOP to Supply Technology for Eight Process Units for Expansion Of CEPSA's La Rabida Refinery in Spain

Posted on: Tuesday, 28 March 2006, 12:00 CST

UOP LLC, a Honeywell (NYSE:HON) company, announced today that CEPSA, a leading European petroleum and petrochemical company, has selected UOP technology for eight process units for the expansion of its La Rabida Refinery in Huelva, Spain.

This refinery expansion is part of an investment by CEPSA announced last year that is aimed at meeting growing demand in Europe for middle distillates such as diesel fuel and kerosene.

"UOP has been a partner with CEPSA for more than 35 years," said Norm Gilsdorf, senior vice president and general manager of UOP's Process Technology and Equipment business unit. "We look forward to assisting CEPSA with this ambitious and vital expansion."

CEPSA Senior Vice President, Technology, Refining and Gas, Manuel Abollado said, "The utilization rate of the CEPSA's refinery capacity is currently roughly 98 percent. The most cost-effective solution to offset the shortage of middle distillates in the European market includes not only a new distillation train, but also the increase of the conversion level through this latest project from UOP."

UOP technologies to be installed include two Merox(TM) process units, a Unionfining(TM) process unit and a Unicracking(TM) process unit. The Merox process removes mercaptans sulfur compounds from liquefied petroleum gas (LPG) as well as from naphthas and gasolines. The Unionfining process is a highly efficient catalytic process for the desulfurization of cracked and straight-run distillate materials. The Unicracking process is the world's most widely used hydrocracking process for the production of very-high-quality, naphtha and distillate materials out of heavy crude oil fractions.

The new complex will include the following UOP process units and expected volumes:

-- 90.0 kbpsd (thousand barrels per stream day) crude distillation unit

-- 25.0 kbpsd vacuum distillation unit

-- 32.0 kbpsd gas concentration unit

-- 4.2 kbpsd LPG Merox(TM) unit

-- 27.0 kbpsd naphtha Merox unit

-- 31.5 kbpsd distillate Unionfining(TM) unit

-- 41.2 kbpsd atmospheric and vacuum gas oils Unicracking(TM) unit

-- Amine regeneration and sour water stripper units

CEPSA, based in Spain, has a diversified portfolio in the energy sector and engages in activities relating to crude oil and petrochemicals, including oil & gas exploration and production, refining, marketing of oil derivatives and basic chemicals, and the manufacturing of petrochemicals, and has growing interest in natural gas and electricity. The company has a notable presence in Spain and is progressively internationalizing its activities in Algeria, Brazil, Canada, Colombia, Egypt, Panama and Portugal, marketing its products throughout the world. For more information, go to www.cepsa.com.

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

Honeywell International is a $28 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 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.

Source: Business Wire

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