UOP AND ALBEMARLE HELP REFINERS PRODUCE CLEAN FUELS

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UOP AND ALBEMARLE HELP REFINERS PRODUCE CLEAN FUELS
21 April 2006 - Honeywell Specialty Materials

Honeywell and Albemarle Corporation announced today that they have entered into an agreement to form a hydroprocessing alliance to help the petroleum refining industry produce clean fuels.

The alliance, in which Albemarle's joint venture Nippon Ketjen will participate as well, will offer a wide range of hydroprocessing technologies, catalysts and services to assist refiners in meeting the projected increased demand for refined products and ultra-low-sulfur fuels. Hydroprocessing technologies and catalysts are used in virtually all petroleum refineries around the world and are essential for the production of clean fuels.

The alliance builds on the complementary strengths of UOP, a leading hydroprocessing technology and catalyst supplier, and Albemarle, a leading supplier of refinery hydrotreating catalysts and technologies. The alliance will specifically provide customers a broad portfolio of process and catalyst offerings for middle distillate hydrotreating, vacuum gas oil hydrotreating, mild hydrocracking, hydrocracking, and fixed-bed residue hydrotreating.

"We are very excited to enter into this strategic alliance with UOP," said Mark Rohr, Albemarle president and CEO. "Our two organizations have a long history of working together to the benefit of our hydroprocessing customers and stakeholders."

"The future of the refining industry will be characterized by a substantial increase in crude and hydroprocessing capacity to meet the growing demand for clean fuels," added UOP president and CEO Carlos A. Cabrera. "The alliance's suite of leading hydroprocessing technologies and catalysts will play a key role in meeting these requirements."

UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly owned subsidiary of Honeywell Specialty Materials, a strategic business group of Honeywell. For more information, go to www.uop.com.

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About: Honeywell Specialty Materials
Specialty Materials, a US$3.2-billion dollar strategic business group of Honeywell, is a world leader in high-performance speciality materials such as fluorocarbons, speciality films, advanced fibres, customized research chemicals and intermediates. It is also one of the top five providers of materials and solutions to the semiconductor industry, and a major producer of nylon 6 in North America.

Based in Morristown, New Jersey, the business has approximately 10 000 employees and 45 manufacturing and sales facilities. The business serves diverse market segments including automotive, healthcare, agricultural, electronic and food packaging, polymers and plastics, personal care, air conditioning and refrigeration, security coding, lubricants, paper and packaging, semiconductor, paints and coatings, commercial and residential carpet, as well as body and vehicle protection.

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