Honeywell International Inc. (HON - Free Report) has introduced a line of additives for asphalt to lower manufacturing and paving costs and reduce harmful emissions. Honeywell Titan additives for asphalt have high heat resistance and are available in a variety of product forms and packaging.
The new Honeywell Titan additives for asphalt reduce the fuel required to mix asphalt by 13% and harmful emissions by 82%.
The improved asphalt fluidity allows for temperature reduction during both the manufacturing and paving processes leading to less energy consumption and overall cost reduction for both asphalt manufacturers and road pavers. With the addition of small quantities of Honeywell Titan additives, asphalt flows 60% to 80% more easily compared with asphalt modified with traditional technologies.
Additionally, asphalt formulated with Honeywell Titan is easy to handle as it doesn’t require high shear mix equipments. Honeywell Titan’s environmental benefits have also been demonstrated in a paving trial with the Texas Department of Transportation when fuel usage decreased by 13%.
Honeywell is a global diversified technology and manufacturing company with a wide range of aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals and energy efficient products and solutions for homes, business and transportation.
The company faces intense competition from other large industry players, such as Crane Co. (CR - Free Report) and Macquarie Infrastructure Company LLC (MIC - Free Report) . Honeywell currently has a Zacks Rank #3 (Hold). Another competitor, Tyco International Ltd carries a Zacks Rank #2 (Buy).