Honeywell, the world's leading industrial giant, signed two agreements with Chinese companies Oriental Energy and Spring Airlines in Beijing Wednesday during U.S. President Donald Trump's state visit to China, a top official said Wednesday.[Special Coverage]
China's Spring Airlines selected Honeywell's suite of advanced cockpit technologies and industry-leading auxiliary power units for its future fleet of Airbus A320neo aircraft, which will save Spring Airlines money while enabling safer and more efficient flight operations.
Honeywell UOP, a strategic business unit of Honeywell's performance materials and technologies division, has also signed a memorandum of understanding with Oriental Energy on the adoption of UOP's C3 Oleflex units in Oriental Energy's five new propane dehydrogenation (PDH) projects to help convert propane into propylene.
The total propylene production capacity for those five projects combined will reach 3 million metric tons per year, helping Oriental Energy become the largest on-purpose PDH producer in the world, and all these projects will be located along coastal cities including Ningbo and Lianyungang, it said.
Shane Tedjarati, president of Honeywell Global High Growth Regions, who is part of Trump's business delegation to China, said the agreements with Chinese partners will advance cooperation in China's oil and gas and aviation industries.
"The two agreements mark another significant milestone in the relationship that Honeywell has had with China since first establishing itself here in 1935," said Tedjarati.
"Honeywell has made a longstanding commitment to China, and we greatly value our presence here. We are committed to being the Chinese competitor, and to providing world-class products and solutions to the Chinese marketplace."
