Honeywell Touts LNG, Chemical Projects Amid Tough Market

July 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Honeywell International (NASDAQ:HON) (Charlotte, North Carolina) is optimistic about its outlook for the remainder of the year, despite economic headwinds such as inflation and the loss of subsidiary UOP's profitable Russian business. The company aims to develop its future role in booming markets such as liquefied natural gas (LNG) and propane dehydrogenation (PDH).

Industrial Info is tracking $15 billion worth of projects globally featuring Honeywell's services, including nearly $5 billion worth in North America. Executives are particularly upbeat about Honeywell's emerging opportunities in the liquefied natural gas (LNG) market, where its technology is being proposed for big- ticket projects such as Freeport LNG's LNG complex in Quintana, Texas, and Texas LNG Limited's plant in Brownsville, Texas.

Other major projects include Enterprise Products Partners LP's (NYSE:EPD) PDH plant at its NGL Fractionator Complex in Mont Belvieu, Texas and Inter Pipeline Limited's PDH plant at its Heartland Petrochemical Complex in Alberta.