Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Honeywell International Inc.    HON   US4385161066

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Honeywell International Inc. : Honeywell wins KNPC deal

01/05/2014 | 11:12am US/Eastern

HONEYWELL has announced that it has been selected by Kuwait National Petroleum Company (KNPC) to provide the Integrated Control and Safety System (ICSS) for its new 615,000 barrel-a-day Al Zour refinery complex to be built in southern Kuwait. Honeywell will also provide the front-end engineering design (Feed) for the system.

This will be Kuwait's fourth refinery and the largest refinery in the entire Middle East. The total capacity of Kuwait's three current refineries is 930,000 barrels a day. The new refinery is targeted for start-up in 2018.

"With this new refinery, Kuwait will become one of the largest producers of clean fuels in the Middle East," said James King, Honeywell general manager, Kuwait. "Honeywell's suite of proven technologies for the refining industry is well suited to support a quick and safe refinery start up, and efficient operations.  We are pleased to have been selected for this important project."

Honeywell has provided industry-leading technologies to KNPC's refineries for about 30 years through its Process Solutions (HPS) business and has long-sustained a presence in Kuwait. As the main automation contractor for the new Al Zour refinery, Honeywell will supply Experion PKS as the main control system for the refinery complex, as well as integrate all process automation systems throughout the site. Additionally, having HPS perform front-end engineering and design of the system will help drive consistent designs from other contractors throughout the entire project and help speed its completion.

"We are very excited to begin work on this new refinery, which will further position Kuwait as an industry leader not only in the Middle East, but on a global level," said Khaled Al Awadhi, new refinery project manager. "Honeywell's technology and experience in process controls will enable the Al Zour refinery to effectively meet the energy demands of Kuwait and reduce overall emissions."

The new refinery complex will help to meet domestic demand and export of ultra-low sulphur products such as fuel oil, diesel and kerosene, as well as petrochemical feedstocks.

Honeywell is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morristown, NJ, Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges.

© Al Bawaba Ltd., Acquiremedia 2014
Recommend :
React to this article
2h ago HONEYWELL : Patent Issued for Systems and Methods for Managing Video Data
2h ago HONEYWELL : Researchers Submit Patent Application, "Method and Apparatus for Pro..
2h ago HONEYWELL : Patent Issued for System and Method for Dynamically Rendering Bounde..
2h ago HONEYWELL : Patent Issued for Multi-Streaming Multi-Homing Delay Tolerant Networ..
2h ago HONEYWELL : Patent Issued for Reconfigurable Switching Element for Operation as ..
2h ago HONEYWELL : Patent Issued for Aircraft Control System and Method for Reaching a ..
2h ago HONEYWELL : "Stablized Pump Laser with Output Reflector on Polarizing Optical Fi..
2h ago HONEYWELL : Patent Application Titled "Systems and Methods for an Auto-Ranging T..
2h ago HONEYWELL : Patent Application Titled "Method and System for Starting an Intermi..
2h ago HONEYWELL : Patent Issued for Diagnostic Methods and Systems for an Aircraft
Duration : Period :
Honeywell International In Technical Analysis Chart | HON | US4385161066 | 4-Traders
Income Statement Evolution
Honeywell International In : Income Statement Evolution
More Financials
Dynamic quotes