09-11-2016

Honeywell to help Petrovietnam improve refinery efficiency and productivity

Honeywell today announced that 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 Co., Ltd. (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. CPS is part of Honeywell’s Connected Plant initiative, which leverages IIoT technologies, services and domain expertise to improve all aspects of industrial operations from supply chain efficiency to asset optimization.

“Honeywell’s CPS technology uses the plant’s own process data with cloud-based optimization and reliability solutions to ensure the operation runs at peak efficiency,” said Zak Alzein, vice president for Honeywell UOP’s CPS business. “Honeywell will be in a position to use plant-specific information to provide BSR with actionable recommendations that can significantly improve its profitability.”

CPS gives refineries and petrochemical and gas processing plants greater visibility into their operations. Problems that reduced plant efficiency and productivity and that persistently avoided detection can be quickly identified and resolved using recommendations from CPS. As a result, plants can produce more and avoid unplanned shutdowns for maintenance and repair, resulting in millions of dollars per year in increased productivity.

The service continuously monitors streaming plant data and applies UOP process models and best practices, big data analytics, and machine learning to find latent and emerging performance problems, alert plant personnel and make specific operational recommendations. These recommendations are reported simultaneously to a dedicated Honeywell UOP process advisor, who also monitors performance and provides additional direction and resources.

“The CPS system is an important tool to help our refinery produce more gasoline and consume less energy,” said Tran Ngoc Nguyen, President and CEO of Binh Son Refining & Petrochemical Co. “We believe it will improve our staff’s capabilities so they can keep our operation running at peak performance.”

The service also can also help manage energy consumption to maintain compliance with regulatory standards, and also bridge knowledge gaps among personnel by leveraging the full breadth of Honeywell UOP’s troubleshooting expertise, available at their fingertips. Taken together, the features of CPS allow refineries to operate more efficiently and make the best use of every barrel of feedstock.

According to the U.S. Energy Information Administration, Vietnam produced an estimated 355,000 barrels per day of petroleum and other liquids in 2015. While it is a net exporter of crude oil, without additional domestic conversion capacity, it will need to import significantly more oil products. Vietnam currently has oil reserves of about 4.4 billion barrels, giving it the third-largest reserve of crude oil in Asia, after China and India, even though its offshore reserves remain largely unexplored.

For more information, please visit www.uop.com