Honeywell’s Connected Efficiency Companies To assist Petrovietnam Improve Refinery Efficiency And Productivity
DES PLAINES, Sick. Nov. 9, 2016 – Honeywell (NYSE: HON) today announced that a subsidiary of PetroVietnam will use its new IIoT-based mostly Related Performance Services (CPS) providing to improve the efficiency of its manufacturing operations in Quang Ngai Metropolis, Vietnam.
Binh Son Refining and Petrochemical Co. Ltd. (BSR) will use Honeywell’s CPS know-how which integrates Honeywell UOP’s deep course of data to enhance refinery and plant performance at its naphtha complex. CPS is a part of Honeywell’s Connected Plant initiative, which leverages IIoT technologies, providers and domain expertise to enhance all facets of industrial operations from supply chain effectivity to asset optimization.
“Honeywell’s CPS technology uses the plant’s own process data with cloud-primarily based optimization and reliability solutions to make sure the operation runs at peak effectivity,” stated Zak Alzein, vice president for Honeywell UOP’s CPS business. “Honeywell will be ready to make use of plant-specific information to supply BSR with actionable recommendations that may considerably improve its profitability.”
CPS offers refineries and petrochemical and fuel processing plants greater visibility into their operations. Issues that lowered plant efficiency and productivity and that persistently averted detection will be rapidly identified and resolved using recommendations from CPS. Because of this, plants can produce more and keep away from unplanned shutdowns for maintenance and repair, leading to millions of dollars per year in increased productivity.
The service constantly screens streaming plant information and applies UOP course of fashions and best practices, large data analytics, and machine studying to search out latent and emerging efficiency problems, alert plant personnel and make specific operational recommendations. These recommendations are reported concurrently to a devoted Honeywell UOP course of advisor, who additionally screens efficiency and provides additional course and sources.
“The CPS system is an important instrument to assist our refinery produce extra gasoline and eat less power,” said Tran Ngoc Nguyen, President and CEO of Binh Son petroleum products storage facilities 8th Refining & Petrochemical Co. “We imagine it will improve our staff’s capabilities to allow them to keep our operation running at peak performance.”
The service also may also assist handle vitality consumption to maintain compliance with regulatory standards, and in addition bridge information gaps among personnel by leveraging the full breadth of Honeywell UOP’s troubleshooting expertise, accessible at their fingertips. Taken collectively, the features of CPS enable refineries to operate extra effectively and make the best use of each barrel of feedstock.
In line with the U.S. Vitality Information Administration, Vietnam produced an estimated 355,000 barrels per day of petroleum and different liquids in 2015. While it’s a net exporter of crude oil, with out further home conversion capacity, it will need to import significantly extra oil merchandise. Vietnam presently has oil reserves of about four.Four billion barrels, giving it the third-largest reserve of crude oil in Asia, after China and India, despite the fact that its offshore reserves stay largely unexplored.
Binh Son Refining and Petrochemical Co. Ltd. Produces, refines trades crude oil and completed petroleum merchandise, bio-gasoline, polypropylene pallets, and other merchandise. The corporate also gives upkeep and technical consultation, coaching and manpower, marine, and port companies in the oil refining and petrochemical subject and develops oil and fuel tasks and bio-gas. The company was based in 2008 and relies in Quang Ngai, Vietnam. It operates as a subsidiary of Vietnam National Oil and Gasoline Group (PetroVietnam).
Honeywell UOP (www.uop.com) is a leading international provider and licensor of course of expertise, catalysts, petroleum products storage facilities 8th adsorbents, equipment, and consulting providers to the petroleum refining, petrochemical, and fuel processing industries. Honeywell UOP is a part of Honeywell’s Efficiency Supplies and Technologies strategic enterprise group, which additionally consists of Honeywell Process Options (www.honeywellprocess.com), a pioneer in automation management, instrumentation and companies for the oil and gasoline, refining, petrochemical, chemical and other industries.
Honeywell (www.honeywell.com) is a Fortune 100 diversified know-how and manufacturing chief, serving prospects worldwide with aerospace services; management technologies for buildings, homes, and business; turbochargers; and performance materials. For extra news and information on Honeywell, please visit www.honeywell.com/newsroom.