FINWIRES · TerminalLIVE
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%

Related Articles

Asia

Shakti Pumps (India) Invests INR100 Million in EV Mobility Unit

Shakti Pumps (India) (NSE:SHAKTIPUMP, BOM:531431) said it has invested 100 million Indian rupees in its wholly owned subsidiary Shakti EV Mobility by subscribing to 10 million equity shares, according to a Tuesday filing to the Indian stock exchanges.Shares of the company rose 1% in Wednesday's trade.With this, Shakti Pumps' total investment in the EV mobility unit has increased to 650 million Indian rupees, the filing said.The investment is aimed at supporting business expansion of the subsidiary, it added.

$BOM:531431$NSE:SHAKTIPUMP
Asia

Challenger's Fiscal 2026 Q3 Update Missed Consensus Across Key Life Metrics, Jarden Says

Challenger's (ASX:CGF) fiscal 2026 third-quarter update missed consensus across key Life metrics, with FM outflows significantly worse than expected, driven by institutional equity mandate attrition in both Australian and global equities, according to a Tuesday note by Jarden.The firm's redemption of all CGFPC notes on May 25 simplifies the capital structure, reduces the AT1 coupon burden, and is earnings-per-share accretive.Jarden sees balanced risk/reward for Challenger in the future, with catalysts including capital management flexibility from the Australian Prudential Regulation Authority reform, as well as expanding retirement partnerships across superfunds.It lowered its fiscal 2026 sales forecast to reflect weaker institutional fixed-term sales, partially offset by higher retail annuity sales as partnerships come online.The investment firm retained its neutral rating on Challenger and raised the price target to AU$8.70 per share from AU$8.60 per share.

$ASX:CGF
Asia

Proya Cosmetics 2025 Profit Down 4%, Revenue Slips 2%

Proya Cosmetics (SHA:603605) posted 2025 attributable net profit of 1.50 billion yuan, down 3.5% from 1.55 billion yuan the previous year.Earnings per share slid to 3.80 yuan from 3.92 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue declined 1.7% year over year to 10.6 billion yuan from 10.8 billion yuan.Shares of the cosmetics maker were up over 1% in recent trade.

$SHA:603605