Large Joint-Venture Comes Online in 2005PHOENIX, Dec. 09, 2003 - Honeywell (NYSE:HON) Process Solutions today announced that Shanghai SECCO Petrochemicals Company has awarded Honeywell a $6 million contract to implement Advanced Process Control (APC) & Optimization solutions and provide Operator Training Simulator for a new, eight-plant complex coming online in 2005. The APC & Optimization solutions can improve profitability by increasing throughput, reducing costs and improving product quality."The Honeywell Operator Training Simulator will play a critical role in smooth startup and the APC & Optimization solutions will improve our operations in this facility," said Mr. Paul Bowdler, SECCO Production Director "This will be one of the world's most advanced petrochemical facilities. Honeywell provides the depth of experience to prepare our engineers, managers and operators to get peak performance from this facility when we start-up and as we continue operations."The SECCO complex in Shanghai is a $2.7 billion joint venture between BP, China Petroleum, Chemical Corporation (Sinopec Corp.) and Sinopec Shanghai Petrochemical Company Ltd (SPC). When operational, the eight plants will produce ethylene (900,000 metric tons per year) and seven derivative products. Honeywell Profit Suite Advanced Process Control (APC) and Optimization solutions will help SECCO to monitor and manage operations throughout the facility. APC enables plant managers and operators to respond to changes in business demands through close linkages with planning, scheduling, and management functions. Honeywell will provide Shadow Plant(tm) Operator Training Simulator for SECCO to train plant engineers, operators and managers in Abnormal Situation Management. ShadowPlant takes individuals through "what-if" scenarios based on actual plant events and incidents, to create a realistic and effective learning environment for plant personnel. "BP, Sinopec and Shanghai Petrochemical are expanding industry and creating jobs in China," said Mr. Desmond Teo, Vice President and General Manager of Honeywell Process Solutions for Asia Pacific. "For many, this will be a new opportunity in a new industry. We are entering a working relationship with SECCO and each individual, to provide them with the knowledge and tools to realize the facility's full potential and to maximize production."Honeywell Process Solutions has a broad portfolio of process solutions and professional service offerings, including its market leading Experion PKS® process control system. Recently, Frost & Sullivan, a global leader in market research, named Honeywell's Automation and Control Solutions business the 2003 Industrial Controls Solutions Company of the Year, attributing the success to products such as the Experion PKS.Honeywell's presence in China dates back to 1935. Over the years, Honeywell has established 22 wholly owned and joint-venture companies. With key facilities in major Chinese cities such as Shanghai, KaiPing, and ShenZhen, Honeywell continues to expand its local manufacturing and engineering presence. 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 he 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 www.honeywell.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.acs.honeywell.com. 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.ShadowPlant is a trademark and Experion PKS is a registered trademark of Honeywell International Inc.
Did you enjoy this great article?
Check out our free e-newsletters to read more great articles..
