Honeywell and EQUATE Petrochemical Company has announced the signing of a memorandum of understanding (MOU) to further the development of technologies to support operations at EQUATE’s industrial complexes.
EQUATE is currently the owner and single-operator of several fully integrated world-class petrochemical complexes in Kuwait, North America and Europe. The company is Kuwait’s first international petrochemical joint venture and the world’s second-largest producer of ethylene glycol (EG).
As part of the MOU, EQUATE will test newly released Honeywell technologies, including the latest additions to the Honeywell Connected Plant portfolio, as well as assess EQUATE’s requirements and new ideas at Honeywell facilities. The companies will join efforts to analyze EQUATE’s needs and create added value through increased productivity and reduced downtime, setting a new standard for the petrochemical industry in the region.
Honeywell has had a presence in Kuwait for more than 53 years and is the leading automation provider in the country that has about 9% of the world’s oil reserves and is among the world’s top ten oil exporters. Honeywell has successfully delivered more than 2,000 projects in Kuwait and services 50 sites daily.
About Honeywell Process Solutions
Honeywell Process Solutions is a provider of automation control, instrumentation and services for the oil and gas; refining; energy; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. It also provides software solutions and instrumentation that help manufacturers find value and competitive advantage in through Honeywell Connected Plant, Honeywell’s Industrial Internet of Things (IIoT) solution. Process Solutions is part of Honeywell’s Performance Materials and Technologies strategic business group, which also includes Honeywell UOP (www.uop.com), a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries.
For more information on Honeywell Process Solutions, visit www.honeywellprocess.com.
Honeywell ) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.
For more information on Honeywell, please visit www.honeywell.com.