HPS Selected to Enhance Safety, Reliability and Efficiency of Newly Expanded LNG Terminals For World's Largest LNG Importer
SEOUL, Korea - Honeywell (NYSE:HON) today announced that it has been selected by government-owned Korea Gas Corporation (KOGAS) to provide comprehensive automation solutions for its liquefied natural gas (LNG) terminals. The Honeywell solutions will ensure the seamless and efficient performance of the facilities. This marks another multi-million dollar project order with Honeywell Process Solution (HPS), and is the latest milestone in a very successful partnership that started in 2000.
KOGAS, the world's largest LNG importer and the nation's sole provider of LNG, is expanding the TongYoung Terminal and PyeongTaek LNG Terminal II to meet the rapidly growing demand for natural gas in the country. The terminals will serve several functions, including the receiving, storing and regasification of LNG, and will deliver vaporized natural gas via high-pressure transmission mains to gas users.
HPS's Overall Management and Automation System, which includes the award-winning Experion® Process Knowledge System and Unisim®, offers KOGAS a complete process control system, which allows them to implement the latest safety measures such as emergency and process shutdown, disaster prevention, plant information, and operator training. An integrated Experion system, as well as on-the-ground simulation training provided by Honeywell, ensures that the terminals operate with maximum security and performance.
"We needed a partner who could integrate the different aspects of our system to guarantee a smooth process, from supply to supply chain management," said a plant engineering team leader at KOGAS. "We chose HPS because they offered complete and proven automation solutions - providing us peace of mind as well as ensuring both the safety and efficiency of our operations. HPS' dedication has resulted in a successful track record with our existing LNG terminals which has cemented our confidence."
"In recent years, global demand for natural gas has risen sharply. With the implementation of HPS' solutions, KOGAS can optimize the performance, security, and cost effectiveness of its terminals, and in doing so, achieve a significant competitive advantage in the expanding global LNG market," said Kim HyounJoong, Lifecycle Service Leader, Honeywell Korea. "Our team is always ready to support KOGAS and ensure that the country's natural gas needs are met efficiently and safely."
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access http://www.honeywell.com/ps.