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FINWIRES

Honeywell to Supply LNG Tech for NextDecade's Rio Grande Project

-- Honeywell (HON) said on Tuesday it will provide liquefaction technology and equipment for two additional processing trains at NextDecade's (NEXT) Rio Grande LNG facility in Brownsville, boosting the project's overall production capacity.

The deal will see Honeywell deploy its coil-wound heat exchanger equipment and C3MR liquefaction process for Trains 4 and 5 of the project.

The expansion is expected to increase Rio Grande LNG's capacity by over 66%, from 18 million tonnes per annum to 30 MTPA. The five trains at the facility are projected to be operational by mid-2031.

Honeywell said its technology is already being used in the first three liquefaction trains at the site.

"As the demand for energy increases, LNG will continue to play a significant role in meeting this demand and supporting global energy security," said Christina Andersen, president of Honeywell's Gas & LNG business.

The company said its liquefaction systems improve efficiency, optimize production, and reduce operating costs. Its coil-wound heat exchangers maximize throughput while ensuring safe and reliable operations, Honeywell said in a statement.

Honeywell also said its modular LNG solutions can help shorten construction timelines by allowing components to be built off-site and transported to export facilities.

Price: $233.67, Change: $+0.03, Percent Change: +0.01%

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