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4-Traders Homepage  >  Equities  >  Nyse  >  Honeywell International    HON

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Honeywell International : UOP Introduces New Connected Plant Service To Improve Dehydration Of Natural Gas

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07/15/2017 | 10:30am CEST

Honeywell (NYSE: HON) UOP today introduced its new Connected Plant ARMGuard system, a remote monitoring service that helps natural gas processors manage the adsorbents that are used to remove water from natural gas.

Natural gas at the wellhead naturally contains water and water vapor that, if left in the natural gas stream, will freeze as the gas is being cooled into a liquid, clogging the lines with ice. This water can be removed with adsorbents, which trap the water molecules before the gas is cooled.

Most adsorbent systems are not actively monitored and analyzed for optimal performance, causing these systems to run well below their capability, wasting energy and underutilizing the adsorbent.

"The ARMGuard system monitors the performance of our adsorbents to advise how the dehydration process can be kept running efficiently and reliably," said Ken Stacherski, vice president and general manager of Catalysts, Adsorbents and Specialties at Honeywell UOP. "The more effectively you can manage your adsorption system, the more effectively you can keep the unit on-stream and operating profitably."

Honeywell UOP`s ARMGuard system, which entered service in May with Enterprise Products in Opal, Wyo., continuously collects operating data from the adsorbent unit and analyzes it using UOP adsorbent models to determine the effectiveness of the process. The system can detect issues that, with the assistance of UOP`s technical team, can be used to improve unit performance and prolong adsorbent life.

"Nothing like this has ever existed before because it`s a software-based service dedicated specifically to dehydration, and it compares plant operation to proprietary UOP process models," Stacherski said. "As a result, these models reference the true capability of the adsorbent, not just the past operation of a plant."

In addition, the ARMGuard system can detect process upsets and recommend ideal adsorbent regeneration cycles to increase adsorbent performance and reduce operational costs. It also can forecast optimal adsorbent changeout times to better plan maintenance downtime.

The ARMGuard system can be connected to a customer`s corporate data historian, which aggregates the operation of several gas plants at once. Once established, the system can help to reduce energy consumption by as much as 20 percent and increase the useful life of an adsorbent, also by 20 percent.

Honeywell UOP (www.uop.com) is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries. Honeywell UOP is part of Honeywell`s Performance Materials and Technologies strategic business group, which also includes Honeywell Process Solutions (www.honeywellprocess.com), a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.

(c) 2017 Vanguard Media Limited, Nigeria Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 39 749 M
EBIT 2017 7 609 M
Net income 2017 5 447 M
Debt 2017 7 170 M
Yield 2017 1,96%
P/E ratio 2017 19,96
P/E ratio 2018 18,21
EV / Sales 2017 2,87x
EV / Sales 2018 2,72x
Capitalization 107 B
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Average target price 146 $
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Darius Adamczyk President, Chief Executive Officer & Director
David M. Cote Executive Chairman
Thomas A. Szlosek Chief Financial Officer & Senior Vice President
Krishna Mikkilineni Senior Vice President -Engineering Operations
Jaime Chico Pardo Lead Independent Director
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