KUWAIT CITY, Dec. 3, 2013 /PRNewswire/ -- Honeywell
(NYSE: HON) today 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 Mr. 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 sulfur products such as fuel oil, diesel and
kerosene, as well as petrochemical feedstocks.
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 registered trademark of Honeywell
International Inc.
SOURCE Honeywell