Honeywell's Subsidiary UOP Signed Agreement With China National Petroleum To Develop Biofuel Technologies (HON)

11/4/2009 - Honeywell's (NYSE:HON) subsidiary UOP signed an agreement with China National Petroleum Corp. to work on developing a range of biofuel technologies and projects in China. The companies will work together to produce green transportation fuels using feedstocks that are available in China and will also collaborate to produce both green diesel and renewable jet fuel from Chinese biofeedstocks. General manager of UOP's Renewable Energy and Chemicals Jennifer Holmgren said, "This collaboration will advance the development of viable renewable fuels for the transport sector in China. Collaboration between governments and private industry is necessary to enable a sustainable biofuels future. We are honored to work with CNPC to support this initiative, and congratulate all of the organizations involved for their commitment to a reduced carbon footprint."

Write to Chip Brian at cbrian@tradethetrend.com

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