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4-Traders Homepage  >  Equities  >  Nyse  >  Honeywell International    HON

HONEYWELL INTERNATIONAL (HON)
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Honeywell International : Thailand's IRPC To Build Large Aromatics Complex With Honeywell Technology; Oil & Gas Energy Efficiency Asia & Pacific

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05/25/2018 | 05:15pm CEST

DES PLAINES, Ill - Honeywell (NYSE: HON) announced today that IRPC PLC will use a range of advanced process technologies from Honeywell UOP for a new aromatics complex in Thailand's Rayong Province.

As part of the project, Honeywell UOP will provide licensing, design, key equipment and state-of-the-art catalysts and adsorbents. When completed in 2022, the complex will produce 1.2 million metric tons per year of paraxylene used to make plastic resins, films and fibers. It also will increase its benzene production capacity from 114,000 to 495,000 tons per year. Benzene is a fuel additive and ingredient in plastics, lubricants, rubber, dyes and detergents.

'This complex will enable IRPC to significantly convert its available intermediate feedstocks to higher value aromatics products such as paraxylene and benzene,' said John Gugel, vice president and general manager, Process Technology and Equipment, at Honeywell UOP. 'This is the latest in a series of aromatics projects using advanced UOP technologies that have low capital and operating expense.'

The project will include a Honeywell UOP CCR Platforming unit, which converts naphtha into high-octane gasoline and aromatics, and an LD Parex unit, which recovers high-purity paraxylene from mixed xylenes and uses a new, more energy efficient light desorbent. The complex also will include Honeywell UOP Sulfolane technology to extract aromatics from the feed; Isomar technology to convert xylene isomers into more valuable paraxylene; and Tatoray technology, which converts toluene and C9 aromatics into mixed xylenes and high-purity benzene, and that more than doubles the yield of paraxylene from the naphtha feedstock.

Honeywell UOP is the world's leading licensor of process technology for the production of aromatics. As of last year, UOP licensed more than 100 complexes and more than 700 individual process units for the production of aromatics, including more than 300 CCR Platforming process units and 159 Sulfolane units, 81 Isomar units, 59 Tatoray units, and 101 Parex units worldwide.

IRPC Public Company Limited is a publicly traded petroleum and petrochemical company, and a subsidiary of PTT Group. IRPC is based in Mueang Rayong District, Rayong Province, Thailand, and operates the first fully integrated petrochemical complex in Southeast Asia.

Honeywell UOP (www.uop.com) is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries. Honeywell UOP is part of Honeywell's Performance Materials and Technologies strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

John Simley

Honeywell UOP

+1 (847) 391-2278

+1 (847) 612-1484 - Mobile

(C) 2018 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
IRPC PUBLIC COMPANY LIMITED --End-of-day quote.
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Financials ($)
Sales 2018 43 240 M
EBIT 2018 8 249 M
Net income 2018 6 083 M
Debt 2018 8 088 M
Yield 2018 2,00%
P/E ratio 2018 18,91
P/E ratio 2019 17,20
EV / Sales 2018 2,80x
EV / Sales 2019 2,66x
Capitalization 113 B
Chart HONEYWELL INTERNATIONAL
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Honeywell International Technical Analysis Chart | HON | US4385161066 | 4-Traders
Technical analysis trends HONEYWELL INTERNATIONAL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 172 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Darius Adamczyk Chairman & Chief Executive Officer
Gary S. Michel President, CEO-Home & Building Technologies
Thomas A. Szlosek Chief Financial Officer & Senior Vice President
Krishna Mikkilineni SVP-Engineering Operation & Information Technology
Jaime Chico Pardo Lead Independent Director
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