Honeywell to provide consultancy, training to PetroVietnam

May 24, 2016 | 11:00
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Honeywell will have the opportunity to provide professional consultancy, best practice sharing, and continual training to national oil and gas group PetroVietnam, according to a Memorandum of Understanding (MoU) signed between the two companies yesterday.

The MOU was signed during US President Barack Obama’s visit to Vietnam, and in the presence of representatives of the US and Vietnamese governments as well as executives from the two companies.

Under the terms of the MOU, Honeywell will have the opportunity to provide professional consulting services and advice to PetroVietnam and its subsidiaries for future investment projects as well as to support PetroVietnam in engineering design and economic and technical project feasibility studies for all of its facilities.

“Honeywell is an important partner to oil and gas companies in Vietnam over the last two decades, and this MOU marks another significant milestone in that relationship,” said David Low, vice president and Asia general manager of Honeywell Performance Materials and Technologies. “Honeywell has provided process technologies as well as automation and control solutions, technical management services, and safety solutions for PetroVietnam’s upstream and downstream projects as well as those of its subsidiaries, including Bien Dong POC, Vietsovpetro, Dung Quat Refinery, and PV Gas.”

The MOU formalises the deepening relationship between Honeywell and PetroVietnam and further confirms a common vision of developing a strong, cooperative partnership.

“The increasing cooperation between Honeywell and PetroVietnam is critical not only to our two companies, but to our two countries,” said Mai Trang Thanh, President of Honeywell Indochina. “We are greatly honored that our advanced technologies and services can play a part in Vietnam’s development into a safer, more secure and energy efficient country.”

In 1999, Honeywell UOP licensed the CCR Platforming™ and Penex™ processes to PetroVietnam’s Dung Quat Refinery, for the production of fuels, fuel blending components and aromatics. In 2009, UOP licensed an additional aromatics complex, and alkylation and sulfur removal processes to the Nghi Son Refinery. Honeywell UOP won a major gas project with PetroVietnam in 2012 that included technology to recover natural gas liquids. Last year, Honeywell UOP announced a 250 mmscfd modular gas processing plant for PV Gas in Ca Mau, and a refinery and petrochemical complex for the Nghi Son Refinery.

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By By Hong Anh

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