Honeywell & CNPC to Jointly Develop Biofuel Projects

UOP LLC, a member of the Honeywell (NYSE: HON) family, today announces that it signed a MoU with China National Petroleum Corp. (CNPC), under which both sides will jointly develop a range of biofuel technologies and projects in China.

The two companies will join hands in the demonstration of current biofuel technology, so as to make green transportation fuels from feedstocks available in China, according to the agreement announced at 20th meeting of the Sino-US Joint Commission on Commerce and Trade (JCCT).

Moreover, CNPC, one of the three largest oil and gas producers in China, will make evaluation on the installation of the demonstration UOP/Eni Ecofining process equipment in green diesel fuel production, and on the larger facilities in current or new refineries of CNPC.

Additionally, the two partners will team up in the design of an Ecofining device for the production of both green diesel and renewable jet fuel from Chinese biofeedstocks. The evaluation will also be made on the possibility of raising the energy efficiency of existing and new ethanol works in China.

Source: www.163.com (November 05, 2009)

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