Honeywell (NYSE:HON) has been awarded a $7 million contract to implement an Experion® Process Knowledge System (PKS) and FOUNDATION(a) Fieldbus solution at a new chemical plant operated by Kuwait Paraxylene Production Company (KPPC). Honeywell is partnering with Italian contractor Tecnimont SpA and Korea-based SK Engineering & Construction to implement the solution, which will reduce installation and maintenance costs while boosting performance.
The plant will produce aromatics materials, mainly paraxylene for exportation and benzene that will be used in other regional projects. Due to start production in 2009, the site will be the first major FOUNDATION Fieldbus customer in Kuwait. The new aromatics production facility will be a major contributor to KPPC’s future growth. KPPC chose Honeywell because of the experience of its local team and its ability to deliver a smooth, low-cost implementation.
By transparently integrating all information and diagnostics about plant sensors and actuators into one place, the Experion and FOUNDATION Fieldbus solution reduces the amount of wiring and hardware required for installation. This approach reduces installation costs, decreases commissioning time and lowers maintenance expenses over the long term. The Experion automation and control platform will enable KPPC operators to control hardware devices more effectively, increasing system and process availability, thus boosting plant performance and reducing downtime.
“When developing new production sites, it is essential to keep costs under control from the start,” said Paul Orzeske, vice president and general manager, Honeywell Process Solutions EMEA. “Experion and Foundation Fieldbus will save KPPC money during the installation phase, and enable the plant to run efficiently well into the future.”
Honeywell International is a $31 billion 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. 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 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.honeywell.com/ps.
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.
Experion® is a registered trademark of Honeywell International Inc.
(a) All other brand names are trademarks of their respective owners.
