Honeywell International Inc. (HON) will play a consulting role and provide its much advanced process and operations technologies to help safe and efficient production at Shah Gas Development Project in Abu Dhabi.
The gas field has prohibitively high levels of hydrogen sulphide, which is highly poisonous and inflammable. This has prevented extraction of gas for over period of 40 years. Honeywell will provide access to its process knowledge system to help minimize the chances of accidents. Moreover, Honeywell will provide its industrial wireless network solution to track personnel and equipment movement during construction and operational stages of the project.
The project envisages training of plant personnel in operations technology and also in operating advanced process control software. Apart from these, safety, quality and physical asset management techniques will be imparted for better day-to-day operations.
The project is estimated to process 1 billion cubic feet of gas per day upon reaching full capacity in 2014.
Honeywell’s attractive portfolio of businesses has the potential to earn consistently above-average returns. The company’s focus on working capital discipline, free cash flow generation and balance sheet strength remain positive attributes in the current weak environment.
The company is a global leader in refrigerants, aerosols, and foam-insulation blowing agents used to replace ozone-depleting Chlorofluorocarbon and Hydro chlorofluorocarbons. These same products also improve the energy efficiency of homes, appliances, and commercial refrigeration systems.
The company continues to invest in big process initiatives as well as other seed planting across the organization. Honeywell’s operating system, velocity product development and functional transformation continue to be huge enablers for growth and productivity this year.
The gas field has prohibitively high levels of hydrogen sulphide, which is highly poisonous and inflammable. This has prevented extraction of gas for over period of 40 years. Honeywell will provide access to its process knowledge system to help minimize the chances of accidents. Moreover, Honeywell will provide its industrial wireless network solution to track personnel and equipment movement during construction and operational stages of the project.
The project envisages training of plant personnel in operations technology and also in operating advanced process control software. Apart from these, safety, quality and physical asset management techniques will be imparted for better day-to-day operations.
The project is estimated to process 1 billion cubic feet of gas per day upon reaching full capacity in 2014.
Honeywell’s attractive portfolio of businesses has the potential to earn consistently above-average returns. The company’s focus on working capital discipline, free cash flow generation and balance sheet strength remain positive attributes in the current weak environment.
The company is a global leader in refrigerants, aerosols, and foam-insulation blowing agents used to replace ozone-depleting Chlorofluorocarbon and Hydro chlorofluorocarbons. These same products also improve the energy efficiency of homes, appliances, and commercial refrigeration systems.
The company continues to invest in big process initiatives as well as other seed planting across the organization. Honeywell’s operating system, velocity product development and functional transformation continue to be huge enablers for growth and productivity this year.
The proactive restructuring initiatives of Honeywell enable it to navigate in these difficult times better than many of its peers, but we are yet to see signs of stabilization in a number of its major end markets.
Automation and Control Solutions segment of the company provides environmental and combustion controls, sensing controls, security and life safety products and services, process automation and building solutions and services for homes, buildings and industrial facilities.
Automation and Control Solutions segment of the company provides environmental and combustion controls, sensing controls, security and life safety products and services, process automation and building solutions and services for homes, buildings and industrial facilities.
Honeywell International Inc. is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals and energy efficient products and solutions for homes, businesses and transportation.
We currently have a Neutral recommendation on Honeywell.
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