MOSCOW (MRC) -- Honeywell announced that it has exited the Savannah River Nuclear Solutions joint venture through the sale of its membership interests to partners Fluor and Huntington Ingalls, said the company.
"We are confident that Fluor and Huntington Ingalls will continue to deliver long term value to the Savannah River Site as a significant portion of its scope shifts to major capital construction and start-up of plutonium production activities," said David Johnson, Vice President of Honeywell Federal Solutions. "Honeywell remains deeply committed to the success of the Department of Energy and will continue to partner with them on opportunities that align with Honeywell's core capabilities and strategic objectives."
Honeywell delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell.
We remind, Honeywell announced that the world’s largest High Performance Oleflex unit at Jiangsu Sailboat Petrochemical Co., LTD continues to produce 700,000 metric tons per year of polymer-grade propylene at its Lianyungang City plant in China’s Jiangsu Province. Propylene is the primary component in a variety of products including plastics, carpets, and moisture wicking fabric that are rapidly growing in demand.