Honeywell’s UOP Awarded DOE Funding for CO2 Capture And Nitrogen Wastewater Reduction Through Algae Growth

$1.5 million cooperative agreement to demonstrate capture of and
beneficial re-use of CO2

DES PLAINES, Ill., Mar. 2, 2010 – UOP, a Honeywell (NYSE: HON) company,
announced today that it has been awarded a $1.5 million cooperative agreement
from the U.S. Department of Energy for a project to demonstrate technology to
capture carbon dioxide and produce algae for use in biofuel and energy
production.

The funding will be used for the design of a demonstration system that will
capture carbon dioxide…

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