Rosneft Chooses Honeywell To Automate Tuapse Refinery

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Rosneft Chooses Honeywell To Automate Tuapse Refinery

Experion PKS and UniSim Operations Suite Will Help Increase Production Efficiency and Reduce Operator Error

MOSCOW, Russia, June 25, 2013 — Honeywell (NYSE:HON) today announced it has signed an agreement with NK Rosneft, a leading Russia-based oil and gas producer, as the main automation contractor for the construction of its new refinery at Tuapsinskiy NPZ, Southern Russia.

Honeywell will deliver a comprehensive set of services to equip the Tuapse refinery with a single integrated production control system – Experion® Process Knowledge System (PKS). With Experion PKS, the refinery will be able to improve both the efficiency and profitability of its production process. Honeywell will also provide assistance during the design and commissioning stages of the project.

In addition, Honeywell will implement its UniSim® Operations Suite process simulation software to increase staff safety and minimize operator errors at the refinery. Honeywell will also equip the site with Profit® Suite and Manufacturing Execution Systems to help improve the efficiency and reliability of the production process.

The refinery is currently undergoing a complete upgrade, including the construction of a new distillation unit with a total capacity of 12 million tons per year as well as a number of utilities, infrastructure and offsite facilities. The second stage of the upgrade project will involve the construction of a deep conversion facility.

“Honeywell's solutions have long proven themselves to be reliable and efficient. We know that implementing Honeywell's Experion PKS automation system will help make controlling the production process both safer and easier,” said Yegor Bagrin, head metrologist, Tuapsinskiy NPZ.

“We have been working with Tuapse Refinery for over 10 years, and this new project represents one of the most important enterprises in the south of Russia,” said Leonid Sorkin, general manager, Honeywell Russia. “Besides implementing a modern production automation system, we have also provided computer-based operator training simulators. Our solutions will help improve cost efficiency and product quality at the refinery.”

This project continues Honeywell’s long relationship with Tuapsinskiy NPZ, where Honeywell previously supplied the refinery with both an instrumentation and control system for the plant’s crude oil and vacuum distillation unit.

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® and UniSim® are registered trademarks of Honeywell International Inc.