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DES PLAINES, Ill., March 15, 2016 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that the State Oil Company of Azerbaijan Republic (SOCAR) will use a suite of Honeywell UOP technologies to modernize its oil refinery in Baku, Azerbaijan, to produce high-quality gasoline that meets stricter emission standards.The effort will help Azerbaijan meet growing domestic demand for transportation fuels that meet international emission standards equivalent to Euro V fuel requirements.You can add shares AND funds and a range of other investments to view your total wealth over time.And once you've set it up there are a range of extra features to help keep tabs on the companies you're investing in This is Money is a UK-based services.But as yet just a few westerners seem to ever heard about the country and can vaguely imagine its approximate location.
"This latest effort builds on a strong business relationship with SOCAR, which includes an economic and technical assessment of the refinery and builds on work by Honeywell UOP for SOCAR's new STAR refinery in Turkey." In addition to technology licensing, Honeywell UOP will provide basic engineering designs and a process revamp study for SOCAR.
SOCAR also has representative offices in Georgia, Turkey, Romania, Austria, Switzerland, Kazakhstan, Great Britain, Germany and Ukraine, as well as trading companies in Switzerland, Singapore, Vietnam, Nigeria and other countries.
Honeywell Performance Materials and Technologies (PMT) is a global leader in developing advanced materials, oil and gas processing technologies and industrial automation solutions.
In many areas you may still be among the first foreign visitors locals have seen in generations.
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