October 12, 2011

Honeywell’s Envergent Technologies and Green Fuel Nordic Oy to Collaborate on Biomass Processing in Finland

HONEYWELL’S ENVERGENT TECHNOLOGIES AND GREEN FUEL NORDIC OY TO COLLABORATE ON BIOMASS PROCESSING IN FINLAND

Envergent Technologies will provide technology expertise for conversion of biomass to renewable heat

DES PLAINES, Ill., Oct. 12, 2011 – Envergent Technologies LLC, a Honeywell (NYSE:HON) company, announced today that it signed a memorandum of understanding with Finland’s Green Fuel Nordic Oy under which the two companies would collaborate on projects to convert biomass to renewable fuel for use in district heating systems in Finland.

The companies will evaluate the installation of new facilities to convert forest residues into liquid biofuel using Envergent’s RTP™ rapid thermal processing technology. RTP produces a clean, liquid biofuel that can be burned in industrial burners for heat, replacing petroleum-based fuel.

Green Fuel Nordic Oy expects to build multiple RTP facilities in Finland over the next several years to supply biofuel for district heating systems that heat residential and commercial buildings from a central location.

“There is significant opportunity in Finland to utilize forest residues to generate clean,renewable heat for use in businesses and residential buildings,” said Dave Cepla, managing director for Honeywell’s Envergent Technologies joint venture. “There is strong momentum in the region for renewable fuel, and we believe that RTP can provide a new and economical path to meet those needs.”

Finland has targeted that 38 percent of its energy use be generated from renewable sources by 2020.

“Envergent RTP™ commercially proven technology could provide a great opportunity to establish distributed biorefineries in Finland and meet the country’s broader strategy for local energy production. Green Fuel Nordic’s biorefinery investments in Finland will provide a strong roadmap to produce liquid biofuels leveraging local forest-based feedstock” said Vesa Kainulainen,chairman of the board for Green Fuel Nordic Oy.

Envergent’s RTP technology works by rapidly heating biomass at ambient pressure to generate high yields of a liquid biofuel. The fuel, known as RTP green fuel, can be burned in industrial burners to produce heat or to power electric generators.

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

Honeywell has been present in Finland since the 1950s, supporting a wide variety of industries including pulp, paper, food pharmaceuticals, chemicals, mining, metals and energy. Key customers include Vattenfall, Altia, Neste Oil, Atria, Outokumpu and Fortum. The Honeywell Process Solutions Kuopio site is a center of excellence to support pulp, paper and printing customers with advanced automation control solutions.

Ensyn is a producer of renewable liquid fuels and chemicals from non-food biomass with more than 30 million gallons produced to date. Honeywell’s UOP is a leading supplier and licensor of process technology catalysts, adsorbents and services to the petroleum refining, petrochemical,gas processing and biofuels industries. Learn more about the Envergent Technology joint venture at www.EnvergentTech.com.

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.

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