Honeywell International Inc.(NYSE:HON) Selected By Suncor To Provide Automation Systems For Canada Oil Sands Project

12

Honeywell International Inc.(NYSE:HON) Process Solutions said Tuesday it was selected by Suncor Energy (SU.TO, SU) to provide automation systems for a new multi-billion dollar Fort Hills Oil Sands project in Alberta, Canada. A statement said Honeywell will supply technology to integrate the site’s control and safety systems, manage alarms, and provide advanced simulation software that enables critical operations planning and operator training. No financial details were given. 

According to the statement, the facility is expected to be operational in late 2017. It also cites the Canadian Association of Petroleum Producers as forecasting production from the Canadian oil sands will exceed five million barrels a day by 2030, up from 1.8 million barrels a day in 2012. 

Honeywell Process Solutions provides automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. Honeywell is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance material.

Get Free Updates and Stock Alerts!



*We only send one email per week
Share.

Get Winning Stock Alerts!

Our track record speaks for itself! Our last 7 alerts have delivered combined gains in excess of 300% and there are no signs of slowing down. Join UltimateStockAlerts.com now before you miss out on our next big runner!

We will never sell or share your information.