HOUSTON, June 13, 2012 /PRNewswire/ -- Honeywell's (NYSE: HON) new industrial automation software can help refineries, offshore oil and gas platforms, chemical plants and manufacturers reduce installation costs by up to 33 percent. Plants can now get to production sooner, and operate more efficiently and safely as they strive to meet higher production expectations in the face of steadily rising global energy demands.
Process control systems control the complex systems required for industrial facilities to operate efficiently and are tightly integrated with safety systems in the plant to ensure they operate safely. The systems are complex, expensive and typically require many months of work to install and bring into full operation.
Honeywell's new Experion® Process Knowledge System (PKS) Orion, the latest version of the company's flagship process automation and control technology, significantly speeds up this process and reduces costs for the plant. For example, by installing Honeywell's new technology, a large refinery that produces up to 5,000 barrels of oil per day could begin production as much as a month ahead of schedule, which can save up to $50 million in production and capital costs.
"Safer and more-efficient operations should never come at the expense of each other -- all plants should strive to do both," said Jason Urso, vice president of technology for Honeywell Process Solutions. "Unlike anything on the market today, Honeywell Experion PKS Orion was designed to give manufacturers the ability to do just that. In the face of potentially hazardous operations, Experion PKS Orion tightly integrates control and safety systems to help avoid injury to people, the environment and equipment, and it does so while helping manufacturers get their products to market faster."
Experion PKS Orion features significant advancements in process automation: First, it allows plants to accommodate late design changes through simple configuration in a matter of minutes, rather than days, which is typically a major reason why project schedules are delayed and installation budgets are exceeded.
Secondly, Experion features virtualization technology that reduces costs up to 30 percent by simplifying management and reducing the amount of physical equipment needed onsite. For example, in offshore oil and gas operations Experion PKS Orion can reduce the footprint of computer, control and power-related equipment by up to 80 percent, which can save an average of $600,000 per platform.
Finally, Experion PKS Orion features improved control that can help "batch-processing facilities" – facilities such as chemical plants that produce their products in batches – increase productivity by reducing cycle times. For a mid-tier specialty chemicals company, for example, this approach can improve productivity by an average of 3 percent and increase profits by $1.5 million per year.
For more information, please visit www.honeywellprocess.com.
Honeywell International (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; automotive products; turbochargers; and specialty 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 "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management's assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. 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.
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