Latest news with #HoneywellUOP
India.com
20-05-2025
- Business
- India.com
This company inks Rs 7698822084000 deals with major US companies, no connection with Mukesh Ambani, Adani, the name is…, it is from…
Aramco signed 34 Memorandum of Understanding (MoUs) and agreements of around $90 billion, with major US companies, through its Aramco Group Companies. The MoUs and agreements are partnerships for services given by Aramco like Liquefied Natural Gas (LNG), fuels, chemicals, emission-reduction technologies, Artificial Intelligence (AI) and other digital solutions, manufacturing, asset management, short-term cash investments, and procurement of materials, equipment. The MoUs and agreements will build the longstanding relationship between Aramco and US companies and bring innovation in the energy sector and beyond. The MoUs and agreements are as follows: Honeywell UOP : MoU related to technology licensing for an aromatics project. Motiva : MoU for an aromatics project in Port Arthur depends on a final investment decision. Afton Chemical: MoUs related to development and supply of chemical fuel additives in pipelines and retail fuel offerings. ExxonMobil: MoU to evaluate an upgrade to the SAMREF refinery and expand the facility. Sempra Infrastructure: MoU related to liquified natural gas (LNG) equity and offtake stake in Port Arthur LNG 2. Woodside Energy: To explore global opportunities like equity interest and LNG offtake from the Louisiana LNG project. NextDecade: To purchase 1.2 million tonnes per annum of LNG for a 20-year term from Train 4 of the Rio Grande LNG Facility. NVIDIA: To develop advanced Industrial AI computing infrastructure, and establish an AI Hub and AI Enterprise platforms. Qualcomm: To focus on digital transformation use cases and on the basis of Aramco Digital's 450 MHz 5G industrial network connect intelligent devices with on-device AI capabilities like smartphones, robots, drones, cameras, sensors. Guardian Glass: To localize specialty glass manufacturing for architectural applications in the Kingdom of Saudi Arabia. Agreements for short-term cash investments through a unified investment fund, the 'Fund of One,' with BlackRock, Goldman Sachs, Morgan Stanley, and PIMCO.
Arab News
14-05-2025
- Business
- Arab News
Aramco signs 34 agreements worth $90bn with US firms to boost innovation, growth
RIYADH: Saudi energy giant Aramco signed 34 agreements and memorandums of understanding worth approximately $90 billion with major US companies, as it seeks to advance its long-term strategy and strengthen innovation. Signed on the sidelines of the Saudi-US Investment Forum, the agreements span a wide array of sectors including liquefied natural gas, chemicals, and fuels, as well as artificial intelligence and emission-reduction technologies. The forum was held on the occasion of the US President Donald Trump's state visit to the Kingdom. In a statement, the energy company's president and CEO, Amin Nasser, said the announcements 'show the breadth and depth of Aramco's long history of partnerships with US companies since the first discovery of oil in the Kingdom more than 90 years ago.' He added: 'Our US-related activities have evolved over the decades, and now include multidisciplinary R&D, the Motiva refinery in Port Arthur, startup investments, potential collaborations in LNG, and ongoing procurement.' In the downstream sector, Aramco inked deals with Honeywell UOP and Motiva for technology licensing and an aromatics project at the Port Arthur refinery, respectively. It also signed agreements with Afton Chemical to develop chemical fuel additives, and with ExxonMobil to evaluate a major upgrade to the SAMREF refinery, potentially transforming it into a world-class integrated petrochemical complex. For upstream developments, Aramco's deals included a memorandum with Sempra Infrastructure linked to the Port Arthur LNG 2 project, a collaboration with Woodside Energy to explore global opportunities including lower-carbon ammonia, and a final agreement with NextDecade for the long-term purchase of 1.2 million tonnes per annum of LNG from the Rio Grande LNG Facility. Technology and innovation were at the heart of several agreements. A strategic framework was signed with Amazon Web Services to cooperate on digital transformation and lower-carbon initiatives. With NVIDIA, Aramco agreed to establish advanced industrial AI infrastructure, an AI Hub, and training programs. Qualcomm also signed an MoU with Aramco Digital to explore connectivity solutions using Aramco's 450 MHz 5G network. Aramco's procurement arm reinforced its links with major US service and equipment providers, including SLB, Baker Hughes, Halliburton, and Emerson, while partnerships in asset management and finance were inked with PIMCO, State Street, and Wellington, as well as BlackRock, Goldman Sachs, and Morgan Stanley, among others. Additional agreements included a plan with Guardian Glass to localize specialty glass manufacturing in the Kingdom. These deals reflect Aramco's commitment to fostering industrial development, technological advancement, and long-term partnerships that align with its strategic vision and the Kingdom's broader economic diversification goals.
Mint
25-04-2025
- Business
- Mint
NTPC Green share price in focus after THIS MoU to produce sustainable aviation fuel
NTPC Green Energy Ltd's shares will be focus as the markets open on Monday, April 28, after the company announced the signing of an MoU with Honeywell UOP India Pvt Ltd. NTPC Green on Friday said it has signed a Memorandum of Understanding (MoU) with Honeywell to explore the production of sustainable aviation fuel. The companies will carry out the project by conducting feasibility study that 'leverages Honeywell's proprietary eFining technology and carbon dioxide (CO2) emissions captured from NTPC's power plants and green hydrogen,' NTPC Green said in a press release, which was made available on stock exchanges. This MoU aims to collaborate on Sustainable Aviation Fuel (SAF) production, which is a significant component of NTPC Green Energy's ambitious Green Hydrogen Hub in Pudimadaka, Andhra Pradesh, the company said. 'The collaboration combines Honeywell UOP's expertise in Sustainable Aviation Fuel (SAF) production with NTPC's endeavours in developing green hydrogen projects,' it added. SAF production is a key component of the ambitious Green Hydrogen Hub that NTPC Green is developing. The hub spans approximately 1,200 acres and is designed to serve as an integrated hub for green chemicals and sustainable manufacturing. Once fully operational, the hub will harness 7 GW of renewable energy and export over 2.5 million tons of green chemicals annually. Combining Honeywell UOP's technical expertise in SAF production with NTPC Green's commitment to renewable energy and green hydrogen, the collaboration has been touted by NTPC Green as a significant step toward decarbonising the aviation sector. 'It supports NTPC's goal of achieving a 60 GW renewable energy portfolio by 2032, reinforcing its dedication to sustainable energy development and India's green energy transition,' the company said. Projects at the green hydrogen hub are expected to bring approximately ₹ 1,85,000 Crore investment to the state and provide huge employment opportunities while at the same time contributing substantially in achieving India's non-fossil energy capacity target of 500 GW by 2030. Meanwhile, Honeywell UOP's sustainable aviation fuel claims to exceed 'the most rigorous jet fuel standards for performance and can be made from a variety of sustainable feedstocks.' When blended up to 50 per cent with petroleum-based jet fuel, it can reduce greenhouse gas emissions by 60-80 per cent compared with petroleum-based fuels. Shares of NTPC Green Energy Ltd crashed 3.82 per cent at the NSE today, closing at ₹ 103.19 apiece. The scrip saw an intraday low of ₹ 102.30 per share during intraday trade on Friday. NTPC Green stock price fell 3.68 per cent to ₹ 103.40 per share, while recording an intraday low of ₹ 102.25 apiece. First Published: 25 Apr 2025, 10:01 PM IST
Business Standard
25-04-2025
- Business
- Business Standard
NTPC Green Energy signs MoU with Honeywell UOP India
For collaboration on Sustainable Aviation Fuel (SAF) production A Memorandum of Understanding (MoU) between NTPC Green Energy (NGEL) and Honeywell UOP India (UOP) was exchanged between Sh. D M R Panda, Executive Director (Hydrogen), NTPC and Mr. Ranjit Kulkarni, VP & GM (ESS), Honeywell UOP on 25 April 2025. The collaboration aims to explore the production of sustainable aviation fuel (SAF) by conducting feasibility study that leverages Honeywell's proprietary eFining technology and carbon dioxide (CO2) emissions captured from NTPC's power plants and green hydrogen. This MoU aims to collaborate on Sustainable Aviation Fuel (SAF) production, which is a significant component of NTPC Green's ambitious Green Hydrogen Hub in Pudimadaka, Andhra Pradesh. The collaboration combines Honeywell UOP's expertise in Sustainable Aviation Fuel (SAF) production with NTPC's endeavours in developing green hydrogen projects. SAF production is a key component of this ambitious Green Hydrogen Hub, which spans approximately 1,200 acres and is designed to serve as an integrated hub for green chemicals and sustainable manufacturing.
Yahoo
23-04-2025
- Business
- Yahoo
Honeywell, Argent LNG to collaborate on proposed LNG plant in Louisiana
US-based technology company Honeywell and Argent LNG have entered into an agreement to evaluate the use of Honeywell's pretreatment solutions for a liquefied natural gas (LNG) export terminal at Port Fourchon in Louisiana. Honeywell's pretreatment technologies aid in removing impurities from natural gas, thereby helping facility operators boost production and operational efficiency. Together Honeywell's modular mercury removal unit, acid gas removal unit, and SeparSIV Unit help eliminate mercury, carbon dioxide, sulphur, water, and heavy hydrocarbons to meet LNG specification requirements. Furthermore, Honeywell's UOP SeparSIV technology is claimed to be adaptable to a wide range of feed compositions and can reduce life cycle costs by up to 50% compared with conventional removal methods. Argent LNG CEO Jonathan Bass said: 'Argent LNG is committed to delivering clean, secure and cost-effective energy worldwide. In order to do so, we need to leverage innovative technology and effective pretreatment solutions. Honeywell's proven technology has the potential to help us transform the United States LNG sector and help deliver the LNG the world needs.' Global demand for LNG is projected to surge by 60% by 2040, according to the Shell LNG Outlook 2025. The planned Port Fourchon facility is expected to have an initial production capacity of 12 million tonnes per annum (mtpa), with the possibility of expanding to 25mtpa. Argent LNG aims to ship fuel globally, targeting markets in Asia, Europe, South America and the Middle East once the facility is operational. Honeywell UOP president Rajesh Gattupalli added: 'Honeywell's innovative LNG technologies will play a pivotal role in addressing energy security by enabling the large-scale production of LNG in countries around the world, including the US. Honeywell's LNG portfolio includes end-to-end solutions that can be customised and adapted based on the needs of our customers." Honeywell's LNG solutions encompass both pretreatment and liquefaction technologies, complemented by automation and software tools designed to optimise the entire LNG process. Additionally, Honeywell offers modular LNG technology that is fabricated off-site and delivered to export facilities, reducing project risk and accelerating construction timelines – enabling faster start-up compared with conventional build methods. Last year, in October, Honeywell acquired the LNG technology and equipment division from Air Products. "Honeywell, Argent LNG to collaborate on proposed LNG plant in Louisiana" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
