KUALA LUMPUR: American multinational conglomerate corporation Honeywell International Inc has signed a memorandum of understanding (MoU) with Petroliam Nasional Bhd (Petronas) for strategic sustainability, digitalisation and carbon-neutral energy initiatives.
Petronas will collaborate with Honeywell for solutions within four specific areas, namely digital transformation, sustainability and emissions management, cybersecurity, and leadership and capability management.
These solutions will support Petronas' growth strategy and low-carbon agenda by employing proven Honeywell technologies for productivity, carbon capture and utilisation, energy storage and digital twins.
Honeywell Asean president Norm Gilsdorf said the company greatly values the long-standing relationship with Petronas.
Gilsdorf said Honeywell is looking forward to collaborating with and assisting Petronas in accelerating its sustainability, digitalisation, and productivity strategy.
"Honeywell is committed to bringing our expertise and experience in connecting processes, assets and people through industrial software, innovative solutions and proven technologies that will help Petronas unlock tremendous value for the industry," he said in a statement today.
Honeywell is the global leader in industrial automation software, analytics and solutions and ecosystem for plant digitalisation, connected plant programs and cybersecurity solutions.
Gilsdorf said the collaboration marks one of the first of its kind in harmonising processes and business analytics into an integrated, cutting-edge technology and 5G-enabled secured asset operations for Petronas.
"The solutions will support Petronas in effortlessly achieving the highest-ever accuracy, reliability, profitability, and security standards.
"We are proud to collaborate with PETRONAS in integrating digitalisation and sustainability to the next level," he said.
Petronas senior vice president of project delivery and technology Bacho Pilong said that as progressive energy and solutions partner enriching lives for a sustainable future, Petronas maintains that its growth pursuits address the three-bottom line of 'people, planet, and profit'.
"While the people are direct beneficiaries of our solutions and innovations, we want to bring positive impact to them through capability development, which is a key area of this MoU.
"This is in line with our nation-building efforts, especially in supporting the country's push toward an inclusive digital economy," Pilong said.