Honeywell has announced that it has acquired Ortloff Engineers Ltd., a privately held licensor of specialised technologies for natural gas processing and sulfur recovery.
Terms of the acquisition, which closed on 31 August 2018, have not been disclosed. There is no change to Honeywell's guidance for 2018 as a result of the acquisition.
Ortloff will become part of Honeywell UOP's Gas Processing and Hydrogen business, to aid in the recovery of high-value NGLs from natural gas streams.
Ortloff specialises in technologies for gas separation and removing sulfur from refinery feedstocks. Honeywell UOP has worked closely with Ortloff since 2002.
According to the US Energy Information Administration, US demand for NGLs is growing by more than 10% annually. NGLs and liquefied petroleum gas are in high demand as petrochemical feedstocks used in the production of plastics, automotive products and detergents.