Mistral Midstream, Inc., a company operating in the field of energy infrastructure, recently selected UOP LLC’s Russell modular equipment and technology to support its natural gas production in Canada. UOP LLC is a subsidiary of Honeywell International Inc. (HON).
UOP’s gas processing technologies will be used by Mistral for the recovery of Natural Gas Liquids (NGL) from natural gas and for contaminant removal from raw natural gas. With production expected to commence in late 2014, the UOP Russell modular cryogenic equipment will process 60 million standard cubic feet per day (:MMSCFD) of natural gas.
The UOP Russell modular units are relatively more competitive than other available units in the market. In addition to superior quality control, the units allow construction of equipment to complete and enter service up to six months faster than other approaches. UOP modular equipments are efficient, reduce field construction time and expenses for customers and allow customers to quickly process gas, thus reducing operating costs. UOP has been creating world-class solutions for the natural gas industry since years.
Honeywell is a global diversified technology and manufacturing company with a wide range of aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now include Noble Group Ltd. (NOBGY), having a Zacks Rank #1 (Strong Buy), and CLARCOR Inc. (CLC) and Crane Co. (CR), both having a Zacks Rank #2 (Buy).Read the Full Research Report on HON
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