Boston, MA 10/15/2014 (wallstreetpr) – According to reports, PennTex North Louisiana has decided to select UOP LLC of Honeywell International Inc. (NYSE:HON) for a very important projects that consist of recovering natural gas liquids in North American region. UOP LLC is an HON group company, which is known for delivering high-quality projects to clients across the nation. PennTex North Louisiana, LLC, which is a wholly owned subsidiary of PennTex Midstream Partners, LLC wants UOP to procure, engineer and construct a gas processing plant. As soon as the work at this gas plant gets finished, PennTex will be able to recover natural gas liquids in North Louisiana region.
Insights of the decision:
Management of Honeywell International Inc. (NYSE:HON) is looking forward to installing maximum capacity at the new plant. Market experts think that this new plant will be capable of processing at least 200 MMSCFD of natural gas right from the starting. If everything goes fine, then the production work at this new plant will commence in the 4Q2015. As per the information, the newly awarded EPC contract is the second time when PennTex North Louisiana has trusted UOP’s capabilities and given contract for North Louisiana operations.
Pre-engineered modular gas processing plant of UOP will offer quick installation and construction work, which will further allow PennTex North Louisiana to start all the operations on time and offer top-notched control over the quality. Along with this deal, both the companies have signed an LOI (letter of intent) in order to buy a new 200 MMSCFD cryogenic plant. PennTex North Louisiana is focusing on increasing its capabilities and market shares, that’s the main reason it has decided to buy one more plant in a quick succession. Management of PennTex thinks that EPC services and modular gas plant of UOP will allow it to start producing NGLs immediately with 100% efficiency.
