Honeywell arm, IOC team up

Honeywell UOP LLC, a wholly-owned subsidiary of Honeywell International Inc. has entered into a memorandum of understanding (MOU) with Indian Oil Corp. Ltd. (IOC) to work together on biofuels projects in India. According to a statement issued by UOP, “The two companies will collaborate on research and development for a range of biofuel technologies and projects in India.” They would evaluate installation of a demonstration-scale unit to produce green transportation fuels at an existing Indian Oil site using non-food feedstocks available within the country. IOC would also focus on research and development for the production of algal oil for use as a feedstock in green fuels production. (April 4, 2010)