Honeywell Wins Contract With Saudi-European PetroChemical Company |

Honeywell Wins Contract With Saudi-European PetroChemical Company

May 182004
Honeywell Technology to Improve Profitability at Plant in Arabian Gulf

PHOENIX, May 18, 2004-Honeywell (NYSE: HON) today announced it has received a contract with Saudi-European petrochemical company SABIC Ibn Zahr for an automation project at a facility in Al-Jubail, an industrial city in the Arabian gulf. The project involves the implementation of advanced process control solutions on two Unipol polypropylene units. Honeywell Profit® NLC, a unique control and optimization solution designed specifically for the polymer industry, delivers many benefits, including: improvement in plant throughput during periods of high polymer demand and plant constraints; reduction in grade transition times and process upsets; and increased operational stability.

"We chose Honeywell for this project because they understand our business, our objectives, and our many different needs," said Mazyad Al-Khaldi, Technical General Manager at SABIC Ibn Zahr. "Honeywell technology will improve our operations by making us more efficient and will enable us to better serve our customers in the end." Honeywell Profit NLC is controls nonlinear processes in both process gains and process dynamics. A rigorous process model describes process equipment geometry and chemical kinetics, and eliminates the need to step-test the plant. This model also combines the advantages of reliable multivariable control and optimization of on-line process and dynamic off-line simulation for new product grades. Profit NLC can be applied to Dow Unipol and other licensed technologies, such as, Basell Spheripol, Chevron Phillips Chemical Bulk Loop, BP Innovene and Catalytic Autoclave reactor. "Honeywell is committed to providing long-term support to SABIC," said Zak Alzein, Global Business Director of Petrochemicals and Chemicals for Honeywell Process Solutions. "We'll continue to deliver high quality products and services that meet their changing needs in the future." This agreement continues the longstanding relationship between Honeywell-as Honeywell Turki Arabia Ltd. (HTAL)-and SABIC in the Middle East. Honeywell has worked on automation projects for a number of SABIC affiliates over the past 20 years in Saudi Arabia, and has earned a reputation as a leading supplier of advanced process control solutions and comprehensive services for the chemical industry.

Headquartered in Riyadh, Saudi Arabia, SABIC is one of the largest petrochemical companies in the world. Its strategic business units include basic chemicals, intermediates, polyolefins, PVC and Polyester, fertilizers and metals. SABIC Ibn Zahr is an affiliate of SABIC and produces polypropylene and fuel additive MTBE.

Honeywell International is a $23 billion diversified technology and manufacturing leader, serving 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. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and 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

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.
Profit® is a registered trademark of Honeywell International Inc.
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