November 8 At a time when U.S. President Trump is visiting China, Honeywell announced two agreements with its Chinese partners to boost the development of China's oil and gas industry and the aviation industry. Officials from both China and the United States, as well as Business executives witnessed the signing ceremony.
The first project is a Memorandum of Understanding between UOP and Donghua Energy from Honeywell that will be implemented using C3 Oleflex ™ process technology from Honeywell's UOP for the five propane dehydrogenation projects being planned and implemented. The total newly-added propylene production capacity will reach 3 million tons per annum and the project will be settled in coastal cities such as Ningbo and Lianyungang. The signing of this cooperation agreement will help realize the win-win cooperation and will help Tung Wah Group became the world's largest producer of dehydrogenated propane to propylene.
The partnership between Honeywell UOP and Spring Airlines is that Spring Airlines will equip Honeywell's new Airbus A320neo with Honeywell's advanced cockpit technology and industry-leading Auxiliary Power Unit (APUs). With superior technology, Honeywell will continue to help Spring Airlines achieve safer and more efficient flight while saving costs, helping Spring Airlines to expand its business in Asia.
However, Honeywell declined to disclose the investment amount of the two projects, saying there are still some contracts for negotiations.
It is understood that Honeywell's four major business groups have settled in China, Shanghai is Honeywell's Asia Pacific headquarters, while more than 30 cities in China with a number of subsidiaries and joint ventures. Honeywell in China The number of employees is now about 13,000, of which 2600 are research and development staff.