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Released August 18, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Honeywell International (NASDAQ:HON) (Charlotte, North Carolina) is finding more work in the gas- and chemical-processing industries as its UOP subsidiary delves more into emerging technologies like clean hydrogen and carbon capture. Honeywell also is benefiting from retailers in need of storage space for online-driven consumer spending. Industrial Info is tracking more than $2 billion worth of active and planned projects across the U.S. involving Honeywell's services, more than 85% of which is attributed to the Oil & Gas Production and Chemical Processing industries.
Click on the image at right for a graph detailing active and planned projects in the U.S. involving Honeywell, by plant parent company.
Honeywell's backlog hit a record $30.5 billion at the end of the second quarter, up 4% from the same period last year.
Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) started construction last month on its $225 million Leonidas Gas Processing Plant in Midland, Texas, which will be the company's seventh in the Midland Basin. Enterprise is employing Honeywell UOP Russell LLC to provide design-engineering services for the project, which is designed to process up to 350 million standard cubic feet per day. Honeywell executives cited UOP's gas-processing business as one of the factors that led to double-digit sales growth in its Process Solution segment during the second quarter. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more from a detailed project report.
One Honeywell executive recently noted Honeywell's UOP strategy "has been to grow our business into sustainable technology, renewable fuels, clean hydrogen, carbon capture, and we see pretty strong bookings in our sustainable technologies business." Possible projects in this arena include Phibro LLC's (Stamford, Connecticut) proposed conversion of a shuttered 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 can learn more from a detailed project report.
"In UOP, our growth outlook for the year is supported by robust demand for petrochemical and refining catalysts," said Greg Lewis, the chief financial officer of Honeywell, in a recent quarterly earnings-related conference call. "The sustainability technology solutions business within UOP will also provide growth as we capitalize on legislation-backed demand."
The Chemical Processing Industry also accounts for three of Honeywell's own capital-spending projects: the restart of a uranium hexafluoride plant in Metropolis, Illinois, which is set to begin later this year; the proposed expansion of a chemical-purifying plant in Muskegon, Michigan; and subsidiary Honeywell Performance Materials' proposed plastic waste-recycling plant in Houston, in which the company aims to turn 30,000 metric tons per year of mixed waste plastics into recycled polymer feedstock. Subscribers can read detailed reports on the Illinois, Michigan and Texas projects.
At least two major U.S. retailers are working with Honeywell Intelligrated Incorporated, a subsidiary that develops automation systems for warehouses and other inventory management facilities, to improve their distribution services. TJX Companies Incorporated (NYSE:TJX), best known as the parent company of TJ Maxx, is finishing construction on the $120 million first phase of a new distribution center in El Paso, Texas, and expects to finish construction on the $30 million second phase early next year. Honeywell Intelligrated is providing conveyor systems for the facility. Subscribers can read detailed reports on Phase I and Phase II.
Honeywell Intelligrated also is developing material-handling systems for Amazon.com Incorporated's (NASDAQ:AMZN) (Seattle, Washington) $90 million OMA1 Fulfillment Center in Omaha, Nebraska, which is expected to finish construction in first-quarter 2024. Nicknamed "Project Willa," the facility employs robots alongside humans and will service the U.S. Midwest region. Subscribers can learn more from a detailed project report.
Subscribers to Industrial Info's GMI Project Database 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 reports for active and planned projects across the U.S. involving 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 active and planned projects in the U.S. involving Honeywell, by plant parent company.Honeywell's backlog hit a record $30.5 billion at the end of the second quarter, up 4% from the same period last year.
Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) started construction last month on its $225 million Leonidas Gas Processing Plant in Midland, Texas, which will be the company's seventh in the Midland Basin. Enterprise is employing Honeywell UOP Russell LLC to provide design-engineering services for the project, which is designed to process up to 350 million standard cubic feet per day. Honeywell executives cited UOP's gas-processing business as one of the factors that led to double-digit sales growth in its Process Solution segment during the second quarter. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more from a detailed project report.
One Honeywell executive recently noted Honeywell's UOP strategy "has been to grow our business into sustainable technology, renewable fuels, clean hydrogen, carbon capture, and we see pretty strong bookings in our sustainable technologies business." Possible projects in this arena include Phibro LLC's (Stamford, Connecticut) proposed conversion of a shuttered 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 can learn more from a detailed project report.
"In UOP, our growth outlook for the year is supported by robust demand for petrochemical and refining catalysts," said Greg Lewis, the chief financial officer of Honeywell, in a recent quarterly earnings-related conference call. "The sustainability technology solutions business within UOP will also provide growth as we capitalize on legislation-backed demand."
The Chemical Processing Industry also accounts for three of Honeywell's own capital-spending projects: the restart of a uranium hexafluoride plant in Metropolis, Illinois, which is set to begin later this year; the proposed expansion of a chemical-purifying plant in Muskegon, Michigan; and subsidiary Honeywell Performance Materials' proposed plastic waste-recycling plant in Houston, in which the company aims to turn 30,000 metric tons per year of mixed waste plastics into recycled polymer feedstock. Subscribers can read detailed reports on the Illinois, Michigan and Texas projects.
At least two major U.S. retailers are working with Honeywell Intelligrated Incorporated, a subsidiary that develops automation systems for warehouses and other inventory management facilities, to improve their distribution services. TJX Companies Incorporated (NYSE:TJX), best known as the parent company of TJ Maxx, is finishing construction on the $120 million first phase of a new distribution center in El Paso, Texas, and expects to finish construction on the $30 million second phase early next year. Honeywell Intelligrated is providing conveyor systems for the facility. Subscribers can read detailed reports on Phase I and Phase II.
Honeywell Intelligrated also is developing material-handling systems for Amazon.com Incorporated's (NASDAQ:AMZN) (Seattle, Washington) $90 million OMA1 Fulfillment Center in Omaha, Nebraska, which is expected to finish construction in first-quarter 2024. Nicknamed "Project Willa," the facility employs robots alongside humans and will service the U.S. Midwest region. Subscribers can learn more from a detailed project report.
Subscribers to Industrial Info's GMI Project Database 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 reports for active and planned projects across the U.S. involving 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).
