UOP LLC
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UOP LLC, formerly known as Universal Oil Products, is a multi-national company developing and delivering technology to the petroleum refining, gas processing, petrochemical production and major manufacturing industries. The company’s roots date back to 1914, when the revolutionary Dubbs thermal cracking process created the technological foundation for today’s modern refining industry. In the ensuing decades, UOP engineers generated thousands of patents, leading to important advances in process technology, profitability consultation, and equipment design.
During the 1970's, UOP sponsored CanAm and Formula One racecars developed by Shadow Racing Cars. Many race fans were drawn to the team's innovative designs and underdog status.
In 2004, UOP LLC reported revenue of US$1.2 billion.[citation needed]
In November 2005, 100% ownership was acquired by Honeywell.
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