SINGAPORE, Oct. 22, 2013 /PRNewswire/ -- Honeywell
(NYSE: HON) today announced that it will provide an Integrated
Control and Safety System (ICSS) for the world's first floating
liquefied natural gas (LNG) liquefaction, regasification and
storage unit (FLRSU) for the Exmar-Pacific Rubialis Energy project
offshore Colombia.
With the surge in demand for alternative cleaner energy, the
project will help to supply valuable natural gas to energy users
globally. Natural gas is the world's fastest growing energy source,
with demand expected to increase by nearly 2 percent a year through
2035, according to the U.S. Energy Information Administration.
Accounting for about a third of that increase will be
unconventional gas, which includes natural gas in remote locations,
such as offshore. Today's floating facilities allow companies to
unlock these difficult-to-reach gas reserves.
"Honeywell's extensive experience in LNG shipping and offshore
was a key factor for our partners in this project," said
David Higgins, director marine,
Honeywell Process Solutions. "We are working with Black &
Veatch on topside pre-treatment and liquefaction processes and with
Wison for the barge, cargo tanks and utilities. Thus, we are
bringing our process controls and marine experience together in
this groundbreaking project which will be the first to produce LNG
in the offshore environment."
This vessel is a non-propelled barge equipped to convert natural
gas into LNG. It is also able to store the LNG for offloading to
shuttle tankers or LNG carriers. Liquefied natural gas takes up
about 1/600th the volume of natural gas in a gaseous
state and allows companies like Exmar to more efficiently transport
the product to its end-customers.
"While the industry continues to discuss the potential of
floating LNG facilities in bringing new sources of clean energy to
market, this partnership enables us to bring the right technology
and approach to make production of LNG at sea a commercial
reality," said Greg Wayne, project
manager, Black & Veatch Corporation. "We chose Honeywell
because of its strong presence in LNG marine applications."
The FLRSU will be constructed at Wison Offshore & Marine's
fabrication yard in Nantong, China, with Black & Veatch providing the
topside LNG plant design as well as LNG equipment and components.
International ship management group Exmar will own and operate the
FLRSU in the Caribbean Sea starting in the first quarter of
2015.
"We are extremely pleased to introduce this innovation into the
LNG industry," said Exmar CEO Nicolas
Saverys. "Exmar is the first operator to do re-gasification
onboard a ship, and we are the first one doing ship-to-ship liquid
transfer. Now, with the FLRSU, we will be the first one to do
floating LNG liquefaction, enabling us to bring previously-untapped
gas to consumers at a time when the world wants cleaner fuels."
"This project is a ground-breaking effort for the industry and
Wison is pleased to work with Honeywell and Black & Veatch to
assemble the best technological team possible to ensure that this
facility is capable of performing to the level Exmar requires,"
said Dr. L. Dwayne Breaux, executive
vice president, Wison Offshore & Marine.
Honeywell's ICSS solution is based on the company's Experion®
Process Knowledge System (PKS). The critical ICSS solution will
manage control and safety operations of the topside and hull and
also monitor operational safety during cargo handling.
Additionally, closed-circuit television, and fire and gas detectors
will be integrated with the system.
For further information about Honeywell automation and control
solutions for marine, visit www.honeywellprocess.com
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. Based in Morris Township,
N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more
news and information on Honeywell, please visit
www.honeywellnow.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.honeywellprocess.com.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
Experion® is a trademark of Honeywell International Inc.
SOURCE Honeywell