A subsidiary of PetroVietnam will use Honeywell's new IIoT-based Connected Performance Services (CPS) in an effort to improve the performance of its manufacturing operations in Quang Ngai City, Vietnam.
Binh Son Refining and Petrochemical Co., Ltd. (BSR) will use Honeywell's CPS technology which integrates Honeywell UOP's deep process knowledge in an effort to improve refinery and plant performance at its naphtha complex. CPS is part of Honeywell's Connected Plant initiative, which leverages IIoT technologies, services and domain expertise to improve all aspects of industrial operations from supply chain efficiency to asset optimization.
CPS gives refineries and petrochemical and gas processing plants visibility into their operations. Problems that reduced plant efficiency and productivity and persistently avoided detection can end up identified and resolved using recommendations from CPS. As a result, plants can produce more and avoid unplanned shutdowns for maintenance and repair, resulting in millions of dollars per year in increased productivity.
The service continuously monitors streaming plant data and applies UOP process models and best practices, big data analytics, and machine learning to find latent and emerging performance problems, alert plant personnel and make specific operational recommendations. These recommendations are reported simultaneously to a Honeywell UOP process advisor, who also monitors performance and provides additional direction and resources.
According to the U.S. Energy Information Administration, Vietnam produced an estimated 355,000 barrels per day of petroleum and other liquids in 2015. While it is a net exporter of crude oil, without additional domestic conversion capacity, it will need to import significantly more oil products. Vietnam currently has oil reserves of about 4.4 billion barrels, giving it the third-largest reserve of crude oil in Asia, after China and India, even though its offshore reserves remain largely unexplored.
Binh Son Refining and Petrochemical Co., Ltd. Produces, refines trades crude oil and finished petroleum products, bio-fuel, polypropylene pallets, and other products. The company also provides maintenance and technical consultation, training and manpower, marine, and port services in the oil refining and petrochemical field and develops oil and gas projects and bio-fuel.