2014

Honeywell Enables Suriname To Double Its Refining Capacity, Reduce Imports Integrated Solution Will Improve Operational Readiness for Staatsolie's Tout Lui Faut Refinery Expansion

PARAMARIBO, Suriname, Jan. 21, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) today announced that Staatsolie Maatschappij Suriname N.V., Suriname's state-owned oil company, will deploy Honeywell's manufacturing execution system (MES) as part of a major expansion and efficiency project at the Tout Lui Faut crude oil refinery complex.

The project will more than double the refinery's capacity, greatly reducing the country's dependence on imported fuel products. The refinery will produce high-quality diesel, gasoline and fuel oil. Start-up is expected in October 2014 and will improve its reliability and mitigate safety risks, which can have a significant impact on its business results.

"With the Honeywell MES solution, our refinery expects to achieve significantly improved operational readiness," said Rudolf Elias, project director and acting director for Refining and Marketing at Staatsolie. "Honeywell's manufacturing and business applications provide the tools we need, allowing us to optimize workflows, capture knowledge, minimize risks, improve safety, and enhance the performance and agility of our entire operation."

The MES will help the refinery better manage its production, operations and process visualization with a portfolio of applications, which include:

  • Uniformance® Process History Database (PHD) – collects, stores and replays historical and continuous plant process data to improve data security, efficiency and business performance;
  • Operations Management Pro (OM Pro) – planning, execution and performance monitoring of off-site blending and movement operations;
  • Asset Manager – real-time monitoring of facility assets;
  • Field Advisor – operator observations are integrated into electronic maintenance and reliability systems for proactive maintenance;
  • Production Balance – material or energy balance of an entire facility as well as individual processing units.

"Staatsolie needed manufacturing technologies that could easily integrate with its existing distributed control system to better manage operations and production," said Vimal Kapur, vice president and general manager of Honeywell Process Solutions' Advanced Solutions business. "The MES solution will allow refinery personnel focus on plant operations – not on collecting data or creating reports."

For further information about Honeywell industrial automation solutions, visit www.honeywellprocess.com/software.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywellprocess.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Uniformance® is a registered trademark of Honeywell International

SOURCE Honeywell



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