Honeywell To Help China Meet Growing Energy Demand

              Honeywell To Help China Meet Growing Energy Demand

China's Largest Oil and Gas Producer Will Expand Use of Honeywell's Planning
and Collaboration Technologies to 30 Plants

PR Newswire

BEIJING, March 25, 2014

BEIJING, March 25, 2014 /PRNewswire/ -- Honeywell (NYSE:HON) today announced
that PetroChina Company Limited will expand its use of Honeywell advanced
information management and process modeling software tools to 17 additional
refining and petrochemical sites across China, to help meet the country's
growing demand for chemicals and transportation fuels. PetroChina currently
uses Honeywell's information solutions at 13 locations.

Honeywell's Refining and Petrochemical Modeling System (RPMS) and its
Intuition^® Executive advanced information management software will give
PetroChina plant operators the ability to monitor operations across its entire
organization to help provide the real-time information they need to better
improve the profitability and efficiency of their plants.

"Refiners and chemical plant operators must make complex business decisions
quickly to take advantage of rapidly changing market conditions – from prices
for feedstocks such as crude oil and natural gas, to rising demand for
finished products," said Aldous Wong, vice president and general manager,
Honeywell Process Solutions, China. "Implementing these Honeywell solutions
across more of their locations will help PetroChina maximize profitability
through better visibility and efficiency of their overall operations, and help
them meet the growing demand for energy."

China is the world's largest consumer of energy and the second largest
consumer of crude oil, slightly behind the United States, according to the
U.S. Energy Information Administration. Many analysts expect China to become
the world's largest importer of crude oil within the year, putting pressure on
its refining and petrochemical facilities to continue to improve their
efficiency.

PetroChina, the country's largest oil and gas producer and distributor, first
deployed RPMS at its headquarters in Beijing, and 12 refineries and
petrochemical facilities in 2005. The success of that project has led to the
current expansion project that will extend implementation of the advanced
planning technology to cover all its refining and petrochemical businesses.

PetroChina expects to complete the project within two years.

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.

Intuition® is a registered trademark of Honeywell International

SOURCE Honeywell

Website: http://www.honeywell.com
Contact: Don Empie, +1 832 252 3619, donald.empie@honeywell.com, Elton Wang,
+86 10 8569 9852, elwang@webershandwick.com
 
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