This release, combined with Honeywell’s Experion distributed control system, provides a “significant reduction” in integration efforts and project costs as well as increased security and availability through enhanced cyber security for industrial facilities, says the company.
Honeywell says it has been contracted to provide its industrial internet-based Connected Performance Services to Al Waha Petrochemicals Company to explore possibilities of maximizing propylene production.
CPS is a key part of Honeywell’s Connected Plant initiative that helps manufacturers leverage the IIoT to improve the safety, efficiency and reliability of operations across a single plant or several plants across an enterprise.
Honeywell and Aereon say they will collaborate on solutions to help industrial customers boost the safety, efficiency and reliability of their operations by leveraging Honeywell’s Industrial Internet of Things ecosystem.
“For years, manufacturers and producers have looked for ways to solve operational problems that were believed to be unsolvable – such as unplanned downtime, underperforming assets and inefficient supply chains,” said Andrew Hird, vice president and general manager of Honeywell Process Solutions’ Digital Transformation business.
“With the capabilities of the IIoT, we can find new ways to solve those problems. A key part is the creation of an industrial ecosystem that leverages the depth of knowledge and experience of a range of equipment and service providers such as Aereon.” Continue reading Honeywell partners Aereon for oil and gas IIoT
The oil and gas industry is the lifeblood and oxygen of the modern world. It produces the stuff that powers the power stations, providing the energy on which we all depend if we live in a country with even a moderate infrastructure.
Much as we’d all like to live on fresh air, and run our iMachines on the light that shines in through our windows, the harsh reality is that the dirty and dangerous business of fossil fuels is still the biggest generator of energy in the world today.
No developed or developing economy on Earth can do without oil and gas, and no oil and gas plant can do without systems to prevent downtime. Every second of unscheduled downtime can cost the oil and gas company millions of dollars. Not only that, the secondary effects on all the businesses connected to the oil and gas company’s supply lines – which basically permeate the whole of society – could be devastating to a nation’s economy and wellbeing if those seconds turn into minutes, hours or days. Continue reading There will be data: Exclusive interview with Honeywell UOP cloud boss
Honeywell says 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 (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.
Honeywell says its new cloud-based IIoT service helps increase plant utilization and performance and avoid production interruptions
Honeywell UOP has launched a new software-based service designed to allow refiners and petrochemical and gas processing plants to improve performance.
Honeywell UOP’s new Connected Performance Services (CPS) business leverages the Industrial Internet of Things to tap Honeywell’s deep process knowledge, design expertise, and understanding of catalysis with next-generation software platforms from Honeywell Process Solutions, the leading provider of software-based solutions for the process industries.
Zak Alzein, vice president for CPS, says: “This cloud-enabled service makes plants smarter and more responsive.
Survey of 200 executives indicates most manufacturers plan to increase investments in data analytics over next year – even while delaying other technology investments
A recent survey of manufacturing executives indicates many respondents (67 percent) are pressing ahead with plans to invest in data analytics even as they pare back spending in other areas to combat tough business conditions.
The reason: Many say they view data analytics – a key component of the Industrial Internet of Things (IIoT) – as a viable solution to a cycle of problems that lead to downtime and lost revenue.
Honeywell has signed an agreement to acquire privately held, supply chain and warehouse automation provider Intelligrated for $1.5 billion from a company backed by the Permira funds.
The purchase price translates to approximately 12 times Intelligrated’s estimated 2016 earnings before interest, taxes, depreciation and amortization. The company’s 2016 sales are estimated to be approximately $900 million.
The transaction is expected to close by the end of the third quarter, subject to customary closing conditions, including regulatory review. Upon approval, Intelligrated will be part of Sensing and Productivity Solutions in Honeywell’s Automation and Control Solutions business. Continue reading Honeywell to buy Intelligrated
The company says its new IIoT unit will help manufacturers harness the Industrial Internet of Things (IIoT) and more rapidly deploy technologies that will allow them to better manage and analyze data, making their operations safer, more reliable and more efficient.
Vimal Kapur, HPS president, says: “Since HPS’s introduction of the modern automation control system, we have helped plants and manufacturing sites around the world use an increasing amount of data to solve customer’s productivity and safety challenges.