Acquisition Honeywell Takes Over Specialised Natural Gas Liquids Technology Firm Ortloff
Through this take over, Honeywell aims to offer its customers specialised technologies through which they can maximise returns on gas processing and oil refining investments.
Illinois/United States – Honeywell has recently announced that it has acquired Ortloff Engineers, a privately held licensor and industry-leading developer of specialised technologies that drive high returns in natural gas processing and sulfur recovery. Terms of the acquisition, which closed on August 31, have not been disclosed. There is no change to the Company’s guidance for 2018 as a result of the acquisition.
Ortloff will become part of Honeywell UOP’s Gas Processing and Hydrogen business, bringing the industry’s most advanced expertise in the recovery of high-value natural gas liquids (NGLs) from natural gas streams. Ortloff technologies are specialised to maximise gas separation, providing customers with high operational flexibility and greater returns on their plant investments. The firm also specialises in unique technologies for removing sulfur from refinery feedstocks, ensuring greater plant reliability and operability over the refinery lifecycle.
Honeywell UOP has worked closely with Ortloff since 2002, proving the effectiveness of these technologies with its customer set and establishing a long record of commercial success. This has helped gas processors secure financing for new projects and win long-term supply contracts with customers.
According to the U.S. Energy Information Administration, U.S. demand for NGLs is growing by more than 10 per cent annually. NGLs and liquefied petroleum gas are in high demand as petrochemical feedstocks used in the production of plastics, automotive products and detergents.