AUCKLAND, New Zealand, Nov. 3, 2015 /PRNewswire/ -- Honeywell (NYSE: HON) Process Solutions (HPS) today announced a five-year agreement to provide maintenance, support and project delivery to Refining NZ, New Zealand's sole oil refinery, through the HPS Assurance 360 program.
Building on a relationship spanning more than 25 years, Refining NZ selected HPS to provide full lifecycle maintenance for the refinery's control systems, as well as to migrate the refinery to the most recent process control technology, Honeywell's Experion PKS (Process Knowledge System).
"Through the Assurance 360 program, Refining NZ no longer has to worry about maintaining and supporting their Honeywell control systems or making sure they are using the latest technology," said Neil Wold, Pacific sales director, HPS Australia and New Zealand. "These services transform how plant assets are managed, focusing on system performance and outcomes while allowing operators like Refining NZ to focus on operations."
Refining NZ is a leading supplier of refined petroleum products in New Zealand, producing high quality transport fuels including gasoline, diesel and aviation fuel from its refinery north of Auckland.
The company is the latest to implement the Assurance 360 program, which was launched in 2014. These multi-year service partnerships maintain, support and optimize Honeywell control systems at major facilities in South Africa, the North Sea, the United States, Saudi Arabia and the Middle East. Through the Assurance 360 program, Honeywell performance experts provide maintenance and support services on-site, while also optimizing system performance to help organizations achieve their long-term goals.
"Strategic alliances are at the core of Refining NZ's developing business, as we move from a self-supported operation to establishing a broad network of expert partnerships," said Sjoerd Post, chief executive officer, Refining NZ. "We have partnered with Honeywell due to its significant expertise in control systems and have the upmost confidence that through this relationship, our operations will continue to meet global best practice standards."
In addition to the HPS technologies, Refining NZ has used processes from Honeywell UOP, a leading licensor of refining process technology, for more than 50 years. These include a fixed-bed reforming unit and the UOP Bensat™ process to meet high-octane gasoline specifications. In 2005, the facility licensed UOP's CCR Platforming™ process to convert low-quality naphtha to high-octane blending components for gasoline and the UOP Chlorsorb™ process to help meet stringent waste gas specifications.
For more information about Honeywell's automation solutions, please visit: www.honeywellprocess.com
Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. Process Solutions is part of Honeywell's Performance Materials and Technologies strategic business group, which also includes UOP, a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries.
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. For more news and information on Honeywell, please visit www.honeywellnow.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.