Honeywell Process Solutions, a part of
Honeywell International Inc
), recently announced that its automation and safety technology
has been selected for the third phase of the Central Asia - China
Gas Pipeline project (CACGP).
Asia Trans Gas, a joint venture of China National Petroleum Corp.
(CNPC) and Uzbekistan national holding company, selected
Honeywell's Experion Process Knowledge System (PKS) and Safety
Manager technology to promote the integrity and safety of its
natural gas pipeline project. Already, Honeywell's technology has
been maintaining efficiency and safety for the first two
pipelines in the CACGP project.
Honeywell's technology is well suited to meet the challenges
faced by operators and provides easier access to information for
the decision-making process. The main integration and control
software platform for the 530-kilometer pipeline combined with
the overall system is likely to help improve safety practices
such as emergency shutdowns, equipment protection, fire and gas
monitoring, and critical control.
The demand for natural gas in China is likely to grow 8%
annually. The third pipeline will run parallel along with the
existing twin pipelines and help the operators manage the
critical pipeline operations in an effective and safe manner. The
gas pipelines, when integrated, will meet the growing energy
demand in China and will be instrumental in developing the
economic activities in this region.
Honeywell is a global diversified technology and manufacturing
company with a wide range of products and services. These include
control, sensing and security technologies for buildings, homes
and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology
for refining and petrochemicals, and energy efficient products
and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look now include
Federal Signal Corp
) carrying a Zacks Rank #1 (Strong Buy), and
Carlisle Companies Inc.
), both carrying a Zacks Rank #2 (Buy).
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