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Honeywell UOP supports Wabash Valley plant to reduce carbon dioxide emissions and produce clean hydrogen energy

DES PLAINES, III., April 12, 2021/PRNewswire/ - Honeywell (NYSE: HON) today announced that Wabash Valley Resources LLC has selected a series of Honeywell UOP technologies to Capture and sequester up to 1.65 million tons of carbon dioxide (CO2) annually and produce clean hydrogen energy from a repurposed gasification plant in West Terre Haute, Indiana. The project is expected to become one of the largest carbon storage programs in the United States to date.

"By implementing Honeywell UOP's proven carbon dioxide capture and hydrogen purification technologies, we will significantly reduce greenhouse gas emissions," said Dan Williams, managing director of Wabash Valley Resources. "This project will enable clean hydrogen to enter the market and support the growth of the domestic hydrogen economy."

Laura Leonard, Vice President and General Manager of UOP Process Technology, said: “For many companies hoping to make significant progress on the Sustainable Development Goals, adding carbon capture and storage to hydrogen production is one thing. An economical solution. "Hydrogen is a multifunctional energy carrier that can provide low-carbon solutions for almost all industries-petrochemical and refining, construction, commerce, transportation, and power generation. Customers like Wabash trust Honeywell UOP to provide optimized technical solutions to meet project requirements. "

UOP will provide technical licensing, basic engineering and professional equipment, including modular MOLSIV™ molecular sieve dehydration unit, modular Ortloff CO2 fractionation unit and Polybed™ pressure swing adsorption (PSA) unit for isolating carbon dioxide in the gasification unit and processing synthesis gas.

Ortloff CO2 fractionation technology will produce a high-purity liquid CO2 stream while separating the hydrogen-rich stream that will be purified by the PSA unit. The carbon dioxide stream will be sent to permanent geological storage, while the hydrogen stream can provide fuel for hydrogen turbines to generate electricity. The hydrogen stream can also be used for chemical synthesis or sold as a clean transportation fuel.

As pointed out by the US Department of Energy’s recent Hydrogen Energy Program, a study by the Fuel Cell and Hydrogen Energy Association estimates that by 2030, the hydrogen economy can generate up to 140 billion U.S. dollars in revenue and create 700,000 jobs in the United States. . According to the projected growth rate, by 2050, this may increase to $750 billion in revenue and 3.4 million jobs per year.

UOP's hydrogen purification (Honeywell H2 solution) and CO2 separation (Honeywell CO2 solution) series of solutions can be optimized for any application. These technologies include:

UOP modular system is a skid-mounted device, including hardware, adsorbent, control system and embedded process technology. Compared with the "rod-like" structure, this enables fast and efficient installation to reduce costs and downtime.

Wabash Valley Resources LLC (WVR), a subsidiary of Phibro LLC, acquired a world-class gasification plant in 2016 and plans to transform it into a hydrogen plant and carbon capture and storage project. The project was recently selected to receive funding from the Department of Energy (DOE) as part of the carbon storage program. The goal of the plan is to advance, develop, and validate technologies that can safely, economically and permanently store carbon dioxide in geology.

Honeywell UOP (www.uop.com) is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment and consulting services for the petroleum refining, petrochemical and natural gas processing industries. Honeywell UOP is part of Honeywell’s high-performance materials and technology strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), which is an oil and gas, refining, and petrochemical , Chemical industry and other automation control, instrumentation and service pioneer. industry.

Honeywell recently pledged to be carbon neutral in its operations and facilities by 2035. This commitment is based on the company's track record of significantly reducing the greenhouse gas intensity of its operations and facilities and its decades of history of innovation to help its customers meet their environmental and social goals. About half of Honeywell's new products introduce R&D investment in products that improve environmental and social outcomes for customers.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that provides industry-specific solutions, including aerospace products and services; construction and industrial control technology; and performance materials worldwide. Our technology helps everything from airplanes, buildings, manufacturing plants, supply chains and workers to become closer, making our world smarter, safer, and more sustainable. For more news and information about Honeywell, please visit www.honeywell.com/newsroom.

This press release contains certain statements that may be considered "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for statements of historical facts, all statements concerning our or our activities, events or developments that management intends, anticipates, plans, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and assessments made by our management based on their experience and their views on historical trends, current economic and industry conditions, expected future development, and other factors they deem appropriate. The forward-looking statements contained in this press release are also subject to many significant risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors that affect our operations, markets, products, services, and prices. Such forward-looking statements are not guarantees of future performance, and actual results, development and business decisions may differ from those envisaged in such forward-looking statements. We have identified the major risks and uncertainties that affect our performance in the 10-K form and other documents submitted to the US Securities and Exchange Commission.

US media contact: Tehani Manochio (973) 216-0684 [email protected]  

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