Honeywell And UOP Announce Joint Solutions To Improve Refinery Profitability |

Honeywell And UOP Announce Joint Solutions To Improve Refinery Profitability

December 152003
Partnership Combines Information and Automation Systems with In-Depth Domain Expertise

PHOENIX, Dec. 15, 2003 - Honeywell (NYSE: HON) Process Solutions and UOP LLC today announced an alliance to jointly develop, market and deliver refinery solutions that integrate UOP's process knowledge into Honeywell's software and system solutions for improved refinery operations. These leading-edge software and service solutions will enable refining clients to identify, capture, and maintain improvements in their refinery operations.

Historically, many refiners have not realized the full value of their automation and information systems investments. This often results from implementing advanced systems 'out of phase' with the information or know-how necessary to make full use of system capabilities.

Alliance offerings that combine first-class control and decision support systems with an intimate knowledge of how the refining assets and decision variables contribute to profitability, will allow clients to increase safety, availability and profitability by maximizing knowledge resources and process flexibility. The alliance offerings will allow refiners to improve the return achieved on historical and future technology investments. They also will improve decisions made throughout the refinery - from crude purchase and logistics, through unit operation and management, to final product blending.

Initial solution offerings will be in the areas of operator performance improvement, refinery scheduling and blending, and remote performance management.

· Operator performance improvement.
The solution includes unit-monitoring tools and focused training programs. The solution tools are configured to monitor key process variables and critical equipment for impending abnormal situations. Simulator-based training ensures operators properly respond to any abnormal situations that actually occur. The initial release focuses on fluid catalytic cracking units, and is available now. Future releases are planned for additional critical process units including hydrocrackers and continuous catalytic reformers.

· Refinery scheduling and blending.
The solution combines UOP's know-how and refinery scheduling/blending software technologies with Honeywell's Production Scheduler(tm). The offering aids the planning and scheduling groups within a refinery, or corporate logistics organization, in making supply chain decisions from the tanker and pipelines, through the process units, all the way to blending and shipping finished refined products. The configured solution will simultaneously generate feasible and economically optimum schedules that take into account the complex interactions of the entire facility.

A differentiating benefit of employing the joint scheduling and blending offering is the facility to execute not only fully automated sequences, but also the capability to manually interact with the model to allow sophisticated users an added degree of flexibility.

· Remote performance management.
The solution aids refiners in monitoring, optimizing, and sustaining the performance of process units in a refinery or petrochemical facility. The solution will provide timely access to information and recommendations, allowing refiners to make better economic decisions in how they operate their assets. UOP and Honeywell will provide several levels of continuous service, from basic process unit monitoring to economic optimization based on proprietary first-principles models.

Jack Bolick, President of Honeywell Process Solutions said, "The combination of UOP's refinery process knowledge and experience with Honeywell's leading software and systems solutions, such as Experion PKS®, will have a significant impact in the industry. The new solutions embody the concept of a true process knowledge system, enabling clients to capitalize on the knowledge and information obtainable throughout the organization to improve operational safety, reliability, and profitability."

Graeme Donald, President and CEO of UOP said, "The Honeywell / UOP Alliance allows us to leverage the tremendous knowledge and expertise of both companies to deliver sustainable solutions that enable refiners to make the most of the information existing throughout the operation-meaning that now they can use that information to safely and effectively execute the right decisions at the right time - every time."

UOP LLC, headquartered in Des Plaines, Ill., USA is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries.

Honeywell International is a diversified technology and manufacturing leader based in Morris Township, N.J. With 2002 revenues of $22 billion, the company serves customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. The company's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. Honeywell is one of the 30 stocks that comprise the Dow Jones Industrial Average; it is also a component of the Standard & Poor's 500 Index. For additional information, please visit 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
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