Honeywell and Saudi Aramco have signed a memorandum of understanding (MOU) that advances their long-standing cooperation.<\/p>\n
The move further supports the development and diversification of Saudi Arabia\u2019s oil and gas sector, and accelerates the benefits of the Industrial Internet of Things (IIoT) within Saudi Aramco\u2019s operations.<\/p>\n
The companies will work together to increase throughput, raise yield, and improve reliability of Saudi Aramco\u2019s operations by leveraging Honeywell\u2019s cloud-based services and predictive analytics solutions.<\/p>\n
The agreement was signed in Riyadh by Honeywell President and CEO Darius Adamczyk and Saudi Aramco President and CEO Amin H.<\/p>\n
Nasser during a series of meetings where the companies discussed the opportunities and benefits of leveraging Honeywell Connected Plant (HCP).<\/p>\n
HCP combines Honeywell\u2019s unmatched industrial expertise, software, and cloud technologies to enable its customers\u2019 operations to be more reliable, profitable, and secure than ever before.<\/p>\n
As Saudi Arabia continues to diversify its industries in line with Vision 2030, the introduction of IIoT technologies such as HCP and other connected process technologies from Honeywell UOP is playing a critical role in this transformation.
\nThe new agreement will allow Saudi Aramco to enhance operational performance across its network of facilities while presenting significant opportunities for Honeywell to advance the adoption of the latest software industrial solutions.
\n\u201cSaudi Aramco\u2019s strategic objective is to collaborate with partners who are technology leaders and add strategic value to our company, sector, and the country as a whole,\u201d said Mr. Nasser.<\/p>\n
\u201cHaving worked closely with Honeywell for the past six decades, we have established a unique professional relationship based on mutual trust, common goals, and shared commitment to our industries \u2013 a reflection of the strong relationship between Saudi Arabia and the United States.<\/p>\n
\u201cThis agreement represents a new platform to further enhance these efforts, and I look forward to this exciting chapter as we continue to leverage decades of global and regional experience in the sector.\u201d
\nMr Adamczyk said: \u201cWe have always enjoyed a strong relationship between our two companies, working closely together to build, develop, and diversify Saudi Arabia\u2019s oil and gas sector.<\/p>\n
\u201cThis agreement represents a significant milestone toward connecting the processes, assets, and people to drive optimal performance for Saudi Aramco.\u201d
\nThe relationship between Saudi Aramco and Honeywell has developed ever since Saudi Aramco purchased its first Honeywell product in 1948.<\/p>\n
Since then, the two organizations have achieved a number of significant milestones such as the installation of Honeywell\u2019s first distributed control systems at Saudi Aramco\u2019s Safaniyah facility in the early 1980s and the opening of an integrated technical centre in the Dhahran Techno Valley in 2012. \t<\/p>\n","protected":false},"excerpt":{"rendered":"
Honeywell and Saudi Aramco have signed a memorandum of understanding (MOU) that advances their long-standing cooperation. The move further supports the development and diversification of Saudi Arabia\u2019s oil and gas sector, and accelerates the benefits of the Industrial Internet of Things (IIoT) within Saudi Aramco\u2019s operations. The companies will work together to increase throughput, raise […]<\/p>\n","protected":false},"author":18,"featured_media":17415,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[331,687,809,791],"tags":[22,284,790,277],"class_list":["post-17402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud","category-energy","category-more-news","category-ksa","tag-cloud","tag-iot","tag-ksa","tag-saudi-arabia"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/17402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=17402"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/17402\/revisions"}],"predecessor-version":[{"id":24877,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/17402\/revisions\/24877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/17415"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=17402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=17402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=17402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}