November 03, 2009

Biomass-to-Oil Process from Honeywell’s Envergent Technologies Selected by Italian Company for Renewable Power Production

BIOMASS-TO-OIL PROCESS FROM HONEYWELL’S ENVERGENT TECHNOLOGIES SELECTED BY ITALIAN COMPANY FOR RENEWABLE POWER PRODUCTION

Industria e Innovazione will pursue Europe’s first RTP® pyrolysis unit to convert woody biomass to pyrolysis oil for use in power generation

DES PLAINES, Ill., Nov. 3, 2009 – Envergent Technologies LLC, a Honeywell (NYSE: HON) company, announced today that Italian power company Industria e Innovazione has selected the Envergent RTP® rapid thermal processing technology for the development of a facility to convert biomass into pyrolysis oil for renewable power generation.

Industria e Innovazione and Envergent have signed an agreement to pursue development of an RTP facility to convert a mix of pine forest residues and clean demolition wood into pyrolysis oil, a liquid biofuel. The facility will be designed to process around 150 bone-dry metric tons per day of biomass to pyrolysis oil for the generation of renewable electricity.

Envergent will provide engineering for the facility which is projected for start-up in 2012. “This project marks an important milestone for renewable power generation in Europe,” said Mark Reno, managing director of Envergent Technologies. “A unit at Industria e Innovazione would represent a new energy option for the region that would utilize readily-available biomass residuals while offering a reduced carbon footprint.”

“Compared to traditional biomass combustion technologies, RTP offers several advantages, including improved efficiency in power production, lower costs and a lower environmental impact,” said Federico Caporale, CEO of Industria e Innovazione.

The RTP process works by rapidly heating biomass such as wood chips or straw at ambient pressure to generate high yields of pourable, liquid pyrolysis oil. This oil can then be burned for energy in industrial burners and furnaces for heat or used to generate electricity. Envergent Technologies is also focused on development and commercialization of technology to further refine pyrolysis oil into renewable transportation fuels like green gasoline, green diesel and green jet fuel, and plans to have the technology available for license by 2012.

Envergent Technologies is a joint venture of UOP and Ensyn Corp. It combines nearly 100 years of refining and process technology development from UOP, a Honeywell company, and more than 25 years of pyrolysis technology experience from Ensyn Corp. RTP is currently in use in seven commercial biomass processing plants in the U.S. and Canada.

Ensyn is a world leader for the production of pyrolysis oil from biomass and has more than 20 years of commercial experience with its RTP technology. It produces pyrolysis oil for various natural chemical and fuel products in seven commercial biomass plants in the US and Canada. Honeywell’s UOP is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. It has been active in the development and licensing of renewable fuel technologies since 2006 and currently offers technology for the production of green diesel fuel and green jet fuel.

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forwardlooking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

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