EQUATE tests Honeywell Connected Plant, signs MoU for further assessment
EQUATE Petrochemical, a global producer of petrochemicals, announced signing of a memorandum of understanding to further the development of innovative technologies to support operations at EQUATE’s industrial complexes. EQUATE is currently the owner and single-operator of several fully integrated world-class petrochemical complexes in Kuwait, North America and Europe. The company is Kuwait’s first international petrochemical joint venture and the world’s second-largest producer of ethylene glycol.
“As a global software-industrial company, Honeywell has supplied the petrochemical industry with leading technologies and services for decades,” said George Bou Mitri, President of Honeywell Kuwait, Iraq, Jordan and Lebanon.
“After half a century in Kuwait, Honeywell’s commitment to deliver solutions that enhance the productivity of our customers is as strong as ever. We are proud to work with EQUATE to build local petrochemical capability that supports the New Kuwait 2035 strategy to become a global hub for the oil, gas and petrochemicals industry.”
As part of the memorandum of understanding, EQUATE will test newly released Honeywell technologies, including the latest additions to the Honeywell Connected Plant portfolio, as well as assess EQUATE’s requirements and new ideas at Honeywell facilities.
“We are firm believers that success requires input from all our key stakeholders, including our technology suppliers, such as Honeywell,” said Tareq Jafar Al-Kandari, Vice President of Technical Services, EQUATE.
“Being part of the global petrochemical industry with operations in three continents and contributing to various economies, EQUATE is strongly committed to absolute reliability and sustainability in all operations and activities. Our relationship with Honeywell is based on innovation and trust, which are key factors to ensure overall progress,” added Al-Kandari.
Honeywell has had a presence in Kuwait for more than 53 years and is an automation provider in the country that has about 9% of the world’s oil reserves and is among the world’s top ten oil exporters. Honeywell has delivered more than 2,000 projects in Kuwait and services 50 sites daily. Honeywell Process Solutions is a pioneer in automation control, instrumentation and services for the oil and gas; refining; energy; pulp and paper; industrial power generation; chemicals and petrochemicals; bio fuels; life sciences; and metals, minerals and mining industries.
It is also a leader in providing software solutions and instrumentation that help manufacturers find value and competitive advantage in through Honeywell Connected Plant, Honeywell’s Industrial Internet of Things IIoT solution.
EQUATE Group has industrial complexes in Kuwait, North America and Europe. Its products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa.