UOP Technology Selected by ONGC Mangalore Petrochemicals Ltd. for New Aromatics Complex in India

Business Wire,  April 29, 2008  

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Complex to produce 1.175 million metric tons per year of high purity aromatics making it the largest petrochemical plant in southern India

DES PLAINES, Ill. -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that ONGC Mangalore and Petrochemicals Ltd. has selected UOP to supply technology, basic engineering services and equipment for a new aromatics complex to be installed in Mangalore, India.

The new petrochemical complex is expected to produce 900,000 metric tons per annum (MTA) of para-xylene as well as about 275,000 MTA of benzene to support growing demand for these petrochemicals in Asia. Para-xylene is a key ingredient in the production of intermediates used to make polyester for fabric and PET (polyethylene terephthalate) chips for carbonated soft drink and water bottles. Benzene is used to manufacture other chemicals used in the production of polymers, plastics, resins, and nylon.

The aromatics complex will be integrated with an existing Mangalore Refinery and Petrochemical Ltd. refinery complex located in the Mangalore Special Economic Zone and will use the naphtha and aromatic-rich stream from the refinery as feedstock to produce aromatics. It is scheduled to be completed in 2010. It will be the largest petrochemicals plant built to date in southern India.

"UOP worked closely with us in building our existing refinery, and we are pleased to work with them again in the development of this new project, which, when completed, will help to meet the growing demand of petrochemical products in this region," said C.B. Subramanian, ONGC Mangalore and Petrochemicals Ltd chief operating officer. "We are confident that this will be among the most competitive petrochemicals facilities in the world using the most advanced technologies, and we consider UOP to be an important partner to help us make this happen."

The new facility will utilize naphtha along with aromatic-rich stream from the existing refinery as the feedstock to produce aromatics. A wide range of UOP technologies will be used for the production of high purity aromatics including the UOP CCR Platforming[TM] Process, the UOP Isomar[TM] Process, the UOP Parex[TM] Process, the UOP Tatoray[TM] Process and the Shell Sulfolane[TM] Process.

ONGC Mangalore Petrochemical Corp. is promoted by the Oil and Natural Gas Corp. (ONGC), the largest crude oil and natural gas producer in India, and Mangalore Refinery and Petrochemical Ltd., operator of a state-of-the-art refinery that processes 12.5 million tons of crude oil per year to produce naphtha, petrol, aviation turbine fuel (ATF), diesel, fuel oil and bitumen.

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 $36 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.

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