Honeywell International Inc
) recently announced an agreement with Puerto Rico Aqueduct and
Sewer Authority (PRASA) to upgrade its wastewater treatment
plants. The project is scheduled to be completed by early 2014.
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Initially, the project will start with upgrades worth $16.3
million at PRASA's treatment plants in Barceloneta and Caguas,
Puerto Rico and are expected to improve efficiency and, trim down
energy costs, saving almost $2.7 million annually.
The treatment plant upgrades are expected to modernize
infrastructure and reduce energy consumption at the Barceloneta
and the Caguas plant by nearly 50% and 30%, respectively. Serving
over 97% of Puerto Rico's businesses, PRASA, the largest
wastewater utility in North America, is also expected to reduce
electricity consumption by 9.3 million kilowatt-hours annually
and also curtail harmful emissions by approximately 6,100 metric
tons each year. Honeywell is also assessing five other PRASA
sites to cut energy consumption and costs, which could deliver
more than $3 million in additional savings annually. The savings
from the program will be utilized for the upgrades to modernize
PRASA facilities without increasing its budgets.
With the prevailing competitive environment, energy conservation
is a primary concern for all companies. The technology from
Honeywell is well suited to improve the service quality and
ensures greater flexibility at the plant and creates more
employment opportunities for the local people in an eco-friendly
way. Additionally, Honeywell will improve the efficiency of the
sludge removal systems at the facilities with maximum amount of
waste captured, which ultimately will lower the disposal costs.
Honeywell is a global diversified technology and manufacturing
company with a wide range of aerospace products and services,
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..
The company faces intense competition from industry bigwigs like
Macquarie Infrastructure Company LLC
). Honeywell currently has a Zacks Rank #3 (Hold). One of
United Technologies Corp
) carries a Zacks Rank #2 (Buy).