Honeywell is the 14th largest arms manufacturer. The news from this company today is that Imagine making fuel from algae rather than petroleum. Sounds futuristic? Honeywell says its possible right now. We can do that today, replied CEO Dave Cote when Jim Cramer asked how many years it might take to perfect the process. And the cost of making a barrel of algae oil is about the same as making a barrel of petroleum oil. Also Cote said, the fuel is able to power cars on the road right now as well as planes in the air. According to published reports, the process is called hydrothermal liquefaction and it can be dropped in to refineries that process fossil crudes with little to no adjustments. This is real. Its going to happen, Cote added. In 2010 it was bullish about Iraq: Honeywell Expands Into Iraq With New Baghdad Office Full-Service Operation Delivers Advanced Technology Solutions to Oil & Gas Customers; Additional Offices Planned Throughout Country BAGHDAD, Oct. 5, 2010-- Honeywell (NYSE: HON) today announced it is making a significant investment in Iraq by opening a full-service office in Baghdad. Other offices are being planned in southern and northern Iraq over the next few years. The Baghdad office will supply technology solutions such as process automation equipment to Iraqs oil and gas industry, which is in the midst of re-construction. Honeywell is hiring talented local employees, including a number of young engineers who will be enrolled in the companys Junior Engineer Talent Programme, a global curriculum providing extensive training on Honeywell solutions and project management skills. The local employees will join a team of expatriates with deep, specialized experience in both process automation and the oil and gas and refining industries. Honeywell is uniquely positioned to play a key role in the reconstruction and development of Iraq, said Norm Gilsdorf, president of Honeywell Process Solutions. We are committed to a full-scale presence in order to most effectively manage projects and build and nurture local relationships. Our diverse portfolio of products and services across a range of industries allows us to serve Iraqs needs extensively, while our strong local presence will deliver an exceptional customer service experience. The company is inviting local customers -- including engineers, supervisors, operators and managers -- to visit the Baghdad headquarters which will showcase the full breadth of Honeywells vast technology portfolio. That portfolio spans everything from industrial automation to security systems, specialty chemicals and aviation technology. In addition to industrial manufacturers such as oil refiners, the larger Honeywell International corporation serves a wide array of industries including education, commercial and residential facilities, aerospace companies and automotive manufacturers.
Posted on: Thu, 24 Jul 2014 09:28:12 +0000
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