Collaboration aims to enhance refining
operations and workforce with advanced AI-Assisted technologies,
including a new generation of alarm management solutions
HOUSTON, Oct. 1, 2024
/PRNewswire/ -- Honeywell (NASDAQ: HON) today announced a strategic
collaboration with Chevron (NYSE: CVX) to develop advanced
artificial intelligence (AI)-Assisted solutions to help operators
make decisions to enhance efficiency for refining processes and
improve safety within the industrial automation space.
These are among the new AI solutions Honeywell launched today to
assist and help improve operator performance, optimize productivity
and increase reliability as companies continue their journey to
autonomous operations.
Together, the two companies are leveraging their deep domain
knowledge and industry expertise to create a new generation of
AI-Assisted alarm management solutions that will help operators
make decisions to increase the efficiency, safety and reliability
of process operations and industrial assets. The new solutions will
include an Alarm Guidance application that provides operators with
guided and specific actions to effectively respond to alarms and
operational events, helping to reduce lost profit opportunities and
process safety incidents. Using AI technology, the system will mine
historical data on past actions to identify patterns of alarms and
the corresponding operator actions that successfully return the
process to normal operation.
"Advancements in AI will change the way companies like Chevron
innovate, learn and solve problems at the plant level," said
Lucian Boldea President and CEO of
Honeywell Industrial Automation. "AI-Assisted automation is key to
helping improve industrial plant performance while also addressing
industry's workforce shortage through institutional knowledge
capture, workflow digitalization, and accelerating the learning
curve for the next generation."
Through this collaboration, Chevron's operators will also be
able to infuse AI into Honeywell's Experion® distributed control
system (DCS), making them future ready and more informed in the
control room. The integration of AI to optimize operations to
improve efficiency and upskill the workforce also supports
Honeywell's alignment of its portfolio to three powerful
megatrends, including automation.
The partnership between Chevron and Honeywell marks a
significant advancement in the development of solutions that enable
AI to assist human operators in plants. By co-innovating AI-enabled
operational guidance solutions, both companies are setting new
benchmarks for efficiency, safety, and reliability in refining
processes. The collaboration is poised to not only address current
industry challenges but also to pave the way for future
advancements, ensuring that both Chevron and Honeywell remain at
the forefront of innovation.
For more information on Honeywell's suite of AI solutions for
industrials, including Honeywell Field Process Knowledge System,
Experion Operations Assistant and Honeywell Production
Intelligence, please visit Honeywell.com.
About Honeywell:
Honeywell is an integrated operating
company serving a broad range of industries and geographies around
the world. Our business is aligned with three powerful megatrends –
automation, the future of aviation and energy transition –
underpinned by our Honeywell Accelerator operating system and
Honeywell Forge IoT platform. As a trusted partner, we help
organizations solve the world's toughest, most complex challenges,
providing actionable solutions and innovations through our
Aerospace Technologies, Industrial Automation, Building Automation
and Energy and Sustainability Solutions business segments that help
make the world smarter, safer and more sustainable. For more news
and information on Honeywell, please visit
www.honeywell.com/newsroom.
Media Contact:
Tyler Sumrall
+1 (713) 203-0992
Tyler.Sumrall@honeywell.com
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SOURCE Honeywell
