Bengaluru, October 15, 2026: Honeywell Technologies (Nasdaq: HON) has announced it will provide process technologies, licensing, engineering, proprietary equipment, catalysts, and technical support services for Phase II of Hengyi Industries’ Pulau Muara Besar (PMB) petrochemical project in Brunei.
The PMB expansion is expected to increase the facility’s crude-processing capacity to approximately 20 million metric tons annually, with new hydrocracking, aromatics complex, and dehydrogenation units planned to rank among the largest of their kind globally.
Honeywell UOP solutions for PMB
Honeywell Technologies UOP will deploy process solutions including CCR Platforming™, Unicracking™, Unionfining™, Butamer™, and C4 Oleflex™, along with a full Aromatics Complex based on light desorbent Parex™ technology, for the PMB Phase II project. The companies previously collaborated on Phase I, where Honeywell supplied process technologies, engineering design, key equipment, catalysts, adsorbents, operator training, and technical services for start-up and ongoing operations.
Executive perspectives on partnership
Rajesh Gattupalli, President of Honeywell Technologies UOP, said the company’s technologies are designed to help PMB improve efficiency and reliability while enabling diversification into higher-value petrochemicals to meet market demands. Chen Liancai, CEO of Hengyi Industries Sdn. Bhd., noted that the successful implementation of Honeywell solutions in Phase I strengthened Hengyi’s integrated refining and petrochemical value chain and supported Brunei’s efforts to expand its downstream industries.
Hengyi Group’s business and strategy
Hengyi Group, founded in 1974 and incorporated in 1994, reported annual revenue of RMB 501.6 billion in 2025 and ranked 201st on the 2026 Fortune Global 500. The group employs nearly 30,000 people and holds total assets exceeding RMB 160 billion. Hengyi operates across oil refining, coal chemical, caprolactam/nylon, PTA, polyester, and waste textile recycling, with production capacities including 9 million tonnes of crude oil processing, 23 million tonnes of PTA, 15 million tonnes of PET, 1 million tonnes of CPL, and 1.12 million tonnes of PA6. Its core petrochemical assets are managed through Hengyi Petrochemical, listed on the Shenzhen Stock Exchange, and it holds strategic stakes in China Zheshang Bank.
Company backgrounds
Honeywell Technologies is a global automation company serving building, industrial, and process sectors, with more than 50,000 employees worldwide. Hengyi Group is pursuing an “onshore-offshore synergy and oil-coal integration” strategy, aiming to become a world-class petrochemical conglomerate by 2044 through increased R&D investment and technological innovation.
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