Honeywell’s UOP And Malaysia’s PETRONAS To Collaborate On Natural Gas Processing Technology
The program will center on advanced carbon dioxide (CO2) absorption technology to improve the reliability of equipment used to remove contaminants from natural gas before it is liquefied, while also reducing the weight and footprint of the equipment onboard ships. Technical improvements developed to better meet LNG specifications may also be deployed in the next generation of onshore and offshore gas processing equipment.
Natural gas is the world’s fastest-growing fossil fuel, with annual consumption expected to reach 160 trillion cubic feet by 2035. Nearly 35 percent of the world’s demand growth for natural gas during that time will come from Asia, according to the U.S. Energy Information Administration.