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Released October 25, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Despite lower revenues, which it attributed to a "challenging operating environment," Honeywell International (NASDAQ:HON) (Charlotte, North Carolina) reported stronger-than-expected margins for third-quarter 2024 as it prepares to spin off its Advanced Materials business into an independent company that will provide sustainability-focused specialty chemicals and materials. Industrial Info is tracking more than $3.2 billion worth of active and proposed projects featuring Honeywell's services across the U.S. and Canada, nearly half of which is attributed to a single sustainable aviation fuel (SAF) development.
Click on the image at right for a graph detailing the parent companies for Honeywell's active and proposed projects in the U.S. and Canada.
Sustainability-focused projects account for some of the highest-valued projects in Honeywell's portfolio. One of Honeywell's biggest projects caters to an emerging energy market: Summit Agricultural Group's (Aiden, Iowa) proposed SAF plant in Pasadena, Texas, which is near the Houston Ship Channel. The facility is designed to produce 250 million gallons per year of SAF using Honeywell's Ethanol to Jet (ETJ) fuel technology. Honeywell says ETJ reduces greenhouse-gas emissions for SAF producers, while providing strong output at a lower cost. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuel Project and Plant databases can learn more from a detailed project report and plant profile.
"The selected 60-acre site location will provide Summit with substantial optionality to leverage existing and planned marine, pipeline, rail and other logistics infrastructure to cost-competitively source ethanol feedstock for the facility and deliver produced SAF to all major demand markets, on behalf of its offtake customers both domestically and internationally," Summit said in a press release.
Elsewhere in Texas, Honeywell's UOP Russell subsidiary would provide design-engineering services for three second-train expansion projects proposed at natural gas-processing plants, including two from Enterprise Products Partners LP (NYSE:EPD) (Houston): a 325 million-standard-cubic-foot-per-day train at the Orion Processing Plant No. 8 in Midland, and a 350 million-standard-cubic-foot-per-day train at the Poseidon Processing Plant No. 6 in Garden City. The new trains are expected to double the capacity at their facilities to 650 million and 700 million standard cubic feet per day, respectively.
Honeywell also would provide design-engineering services for EnLink Midstream's (NYSE:ENLC) (Dallas, Texas) proposed second train at its Riptide Processing Plant in Lenorah, which sits in the heart of the Permian Basin. It is expected to double the capacity at the plant to 200 million standard cubic feet per day. Subscribers to Industrial Info's GMI Oil & Gas Production Project Database can read detailed reports on the Orion, Poseidon and Riptide projects.
Among grassroot projects, UOP Russell would provide design-engineering services to Phillips 66's (NYSE:PSX) (Houston, Texas) proposed Bighorn Processing Plant in La Salle, Colorado, which would process between 200 million and 300 million standard cubic feet per day of gas from the Denver-Julesburg Basin. The project has faced years of delays and previously was owned by DCP Midstream, which is now a part of Phillips 66. Subscribers can learn more from a detailed project report.
In the Chemical Processing Industry, Honeywell has agreed to provide its UOP Russell technology to Phibro LLC's (Stamford, Connecticut) proposed conversion of a shuttered coal-fired power plant into a blue hydrogen production facility in West Terre Haute, Indiana. Philbro hopes to use UOP's technology to capture and sequester roughly 1.65 million tons per year of carbon dioxide (CO2) to produce blue hydrogen via syngas. Subscribers to Industrial Info's GMI Chemical Processing Project Database can learn more from a detailed project report.
Greg Lewis, the chief financial officer of Honeywell, said in a quarterly earnings-related conference call that UOP saw a historic high for its order booking in the third quarter, due to demand for new process technology on new, large projects: "Orders in UOP were up over 50% in the quarter to a record $1 billion, with strength in core process technologies and a record of more than $200 million in sustainable technology solutions. This marks the third consecutive quarter with a book-to-bill [ratio] at 1.2."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects across the U.S. and Canada featuring Honeywell's services.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the parent companies for Honeywell's active and proposed projects in the U.S. and Canada.Sustainability-focused projects account for some of the highest-valued projects in Honeywell's portfolio. One of Honeywell's biggest projects caters to an emerging energy market: Summit Agricultural Group's (Aiden, Iowa) proposed SAF plant in Pasadena, Texas, which is near the Houston Ship Channel. The facility is designed to produce 250 million gallons per year of SAF using Honeywell's Ethanol to Jet (ETJ) fuel technology. Honeywell says ETJ reduces greenhouse-gas emissions for SAF producers, while providing strong output at a lower cost. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuel Project and Plant databases can learn more from a detailed project report and plant profile.
"The selected 60-acre site location will provide Summit with substantial optionality to leverage existing and planned marine, pipeline, rail and other logistics infrastructure to cost-competitively source ethanol feedstock for the facility and deliver produced SAF to all major demand markets, on behalf of its offtake customers both domestically and internationally," Summit said in a press release.
Elsewhere in Texas, Honeywell's UOP Russell subsidiary would provide design-engineering services for three second-train expansion projects proposed at natural gas-processing plants, including two from Enterprise Products Partners LP (NYSE:EPD) (Houston): a 325 million-standard-cubic-foot-per-day train at the Orion Processing Plant No. 8 in Midland, and a 350 million-standard-cubic-foot-per-day train at the Poseidon Processing Plant No. 6 in Garden City. The new trains are expected to double the capacity at their facilities to 650 million and 700 million standard cubic feet per day, respectively.
Honeywell also would provide design-engineering services for EnLink Midstream's (NYSE:ENLC) (Dallas, Texas) proposed second train at its Riptide Processing Plant in Lenorah, which sits in the heart of the Permian Basin. It is expected to double the capacity at the plant to 200 million standard cubic feet per day. Subscribers to Industrial Info's GMI Oil & Gas Production Project Database can read detailed reports on the Orion, Poseidon and Riptide projects.
Among grassroot projects, UOP Russell would provide design-engineering services to Phillips 66's (NYSE:PSX) (Houston, Texas) proposed Bighorn Processing Plant in La Salle, Colorado, which would process between 200 million and 300 million standard cubic feet per day of gas from the Denver-Julesburg Basin. The project has faced years of delays and previously was owned by DCP Midstream, which is now a part of Phillips 66. Subscribers can learn more from a detailed project report.
In the Chemical Processing Industry, Honeywell has agreed to provide its UOP Russell technology to Phibro LLC's (Stamford, Connecticut) proposed conversion of a shuttered coal-fired power plant into a blue hydrogen production facility in West Terre Haute, Indiana. Philbro hopes to use UOP's technology to capture and sequester roughly 1.65 million tons per year of carbon dioxide (CO2) to produce blue hydrogen via syngas. Subscribers to Industrial Info's GMI Chemical Processing Project Database can learn more from a detailed project report.
Greg Lewis, the chief financial officer of Honeywell, said in a quarterly earnings-related conference call that UOP saw a historic high for its order booking in the third quarter, due to demand for new process technology on new, large projects: "Orders in UOP were up over 50% in the quarter to a record $1 billion, with strength in core process technologies and a record of more than $200 million in sustainable technology solutions. This marks the third consecutive quarter with a book-to-bill [ratio] at 1.2."
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects across the U.S. and Canada featuring Honeywell's services.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
