BRACKNELL, U.K., Nov. 4, 2013 – Honeywell (NYSE:HON) today announced that it has been selected by Preem AB to modernize one of Europe’s largest refineries – Preemraf Lysekil – with Honeywell’s Enhanced High Performance Process Manager (EHPM) industrial process controllers.
The project should significantly extend the life of the existing control system at the refinery, located in southern Sweden. Preem AB, the country’s largest oil producer, will use the enhanced high performance process manager to as much as triple the capacity of the refinery’s existing APM controllers.
Preem AB has an annual refining capacity of more than 18 million metric tons, accounting for 75 percent of refining capacity in Sweden and about one-third of the entire Nordic region. Preem AB is the largest supplier of ultra-low-sulfur diesel fuel in Sweden, with a sulfur content of less than 5 ppm (parts per million), significantly lower than the Euro 4 requirement of 50 ppm.
“Honeywell’s Enhanced High Performance Process Manager enables Preem to modernize their refinery and increase through-put while maximizing legacy investments and intellectual property,” said John Rudolph, vice president for Honeywell Process Solutions’ Lifecycle Solutions and Services business.
The upgrade will be completed during planned maintenance at the refinery and will not require any additional downtime. It is scheduled to be completed before the end of the year.
“This investment builds on Lysekil’s position as the region’s leading refinery and will deliver real benefits for decades,” said Lars Andersson, automation manager at Preem AB. “It also means we can maintain and improve on a safe, efficient operation, without the disruption and cost of ripping out and replacing the entire control system.”
With support for peer-to-peer communication planned for the future, EHPM will allow Preem to incorporate other technologies from Honeywell, to provide an integrated solution that can include continuous and batch processing controls such as Experion C300, safer operations with Safety Manager, and Honeywell’s fault tolerant ethernet FTE technology, that offers more robust, faster network diagnostics and improved security.
For more information about Honeywell’s lifecycle solutions for process automation please visit www.honeywellprocess.com.
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.
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