Saudi-owned Motiva Enterprises, which owns North America’s largest refinery, plans to add to its portfolio east of Houston with the purchase of Flint Hills Resources’ ethylene cracker.
Articles from Honeywell
Honeywell UOP LLC process technology unit and engineering/contractor Black & Veatch (BV) formed an alliance Tuesday to develop liquefied natural gas (LNG) production facilities for supplying the rail, vehicle and marine transportation sectors.
Honeywell subsidiary UOP LLC unveiled on Tuesday a membrane element for its natural gas processing systems that it claims increases processing capacity and enhances carbon dioxide and contaminant removal.
Honeywell’s UOP business is buying a 70% stake in Thomas Russell Co., a privately held provider of technology and equipment for natural gas processing and treating. UOP provides process technology, materials and equipment to petroleum refining, petrochemical, and gas processing industries. It will now be able to offer a range of technologies and products that allow shale and conventional natural gas producers to remove contaminants from natural gas and recover high-value natural gas liquids (NGL). Founded in 2002, Tulsa, OK-based Thomas Russell specializes in the design, engineering, fabrication and start-up of skid-mounted modular packaged plants systems for the recovery and upgrading of NGLs. UOP is paying $525 million in cash for the interest and has a right to acquire the remaining 30% stake. Closing, subject to conditions, is expected during the fourth quarter.