DES PLAINES, Ill., Nov. 9, 2016 /PRNewswire/ -- Honeywell
(NYSE: HON) today announced that a subsidiary of
PetroVietnam will use its new IIoT-based Connected Performance
Services (CPS) offering to improve the performance of its
manufacturing operations in Quang
Ngai City, Vietnam.
Binh Son Refining and Petrochemical Co., Ltd. (BSR) will use
Honeywell's CPS technology which integrates Honeywell UOP's deep
process knowledge to improve refinery and plant performance at its
naphtha complex. CPS is part of Honeywell's Connected Plant
initiative, which leverages IIoT technologies, services and domain
expertise to improve all aspects of industrial operations from
supply chain efficiency to asset optimization.
"Honeywell's CPS technology uses the plant's own process data
with cloud-based optimization and reliability solutions to ensure
the operation runs at peak efficiency," said Zak Alzein, vice president for Honeywell UOP's
CPS business. "Honeywell will be in a position to use
plant-specific information to provide BSR with actionable
recommendations that can significantly improve its
profitability."
CPS gives refineries and petrochemical and gas processing plants
greater visibility into their operations. Problems that reduced
plant efficiency and productivity and that persistently avoided
detection can be quickly identified and resolved using
recommendations from CPS. As a result, plants can produce more and
avoid unplanned shutdowns for maintenance and repair, resulting in
millions of dollars per year in increased productivity.
The service continuously monitors streaming plant data and
applies UOP process models and best practices, big data analytics,
and machine learning to find latent and emerging performance
problems, alert plant personnel and make specific operational
recommendations. These recommendations are reported simultaneously
to a dedicated Honeywell UOP process advisor, who also monitors
performance and provides additional direction and resources.
"The CPS system is an important tool to help our refinery
produce more gasoline and consume less energy," said Tran Ngoc Nguyen, President and CEO of Binh Son
Refining & Petrochemical Co. "We believe it will improve our
staff's capabilities so they can keep our operation running at peak
performance."
The service also can also help manage energy consumption to
maintain compliance with regulatory standards, and also bridge
knowledge gaps among personnel by leveraging the full breadth of
Honeywell UOP's troubleshooting expertise, available at their
fingertips. Taken together, the features of CPS allow refineries to
operate more efficiently and make the best use of every barrel of
feedstock.
According to the U.S. Energy Information Administration,
Vietnam produced an estimated
355,000 barrels per day of petroleum and other liquids in 2015.
While it is a net exporter of crude oil, without additional
domestic conversion capacity, it will need to import significantly
more oil products. Vietnam
currently has oil reserves of about 4.4 billion barrels, giving it
the third-largest reserve of crude oil in Asia, after China and India, even though its offshore
reserves remain largely unexplored.
Binh Son Refining and Petrochemical Co., Ltd. Produces, refines
trades crude oil and finished petroleum products, bio-fuel,
polypropylene pallets, and other products. The company also
provides maintenance and technical consultation, training and
manpower, marine, and port services in the oil refining and
petrochemical field and develops oil and gas projects and bio-fuel.
The company was founded in 2008 and is based in Quang Ngai, Vietnam. It operates as a
subsidiary of Vietnam National Oil and Gas Group
(PetroVietnam).
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 diversified
technology and manufacturing leader, serving customers worldwide
with aerospace products and services; control technologies for
buildings, homes, and industry; turbochargers; and performance
materials. For more news and information on Honeywell, please
visit www.honeywell.com/newsroom.
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SOURCE Honeywell