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Honeywell and Chevron Join Forces to Develop AI-Enabled Alarm Management Solutions, Improving Efficiency and Safety in Industrial Automation.
Honeywell and Chevron have joined forces in an innovative partnership to create AI-enabled solutions for refining processes. This joint effort aims to not only enhance operations but also empower workers through the use of advanced AI-based technologies. Among the key initiatives of the collaboration is the development of a new generation of alarm management solutions that promise to revolutionize the industry.
The central goal of this partnership is to improve efficiency and safety through alarm management solutions utilizing artificial intelligence. The companies aim to integrate these technologies to offer a more effective approach to operational management. Additionally, the application of innovative tools will allow for a faster and more accurate response to critical situations, ensuring a safer and more efficient work environment. By adopting AI, Honeywell and Chevron hope to lead the way in industrial modernization and productivity enhancement.
Honeywell (NASDAQ: HON) announced today a strategic partnership with Chevron (NYSE: CVX) to develop advanced solutions powered by artificial intelligence (AI), aimed at improving operational efficiency in refining processes and increasing operator safety within industrial automation.
Enhanced Performance and Reliability
These innovative solutions recently introduced by Honeywell have been developed to enhance operator performance, optimize productivity, and strengthen reliability as companies continue to move toward autonomous operations. The partnership between the two companies aims to leverage their deep domain knowledge and industry experience to develop a new generation of AI-assisted alarm management solutions, helping operators make decisions to increase efficiency, improve safety, and ensure the reliability of process operations and industrial assets.
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Innovative Methods for Improving Operations
These new technologies will include an Alarm Guidance application that will provide operators with guided and specific actions to effectively respond to alarms and operational events, helping to reduce lost profit opportunities and prevent process safety incidents. Utilizing AI, the system will analyze historical data on past actions to identify alarm patterns and the corresponding actions taken by operators that successfully return the process to normal operation.
‘Advances in generative AI will change how companies like Chevron innovate, learn, and solve problems in their plants’, said Lucian Boldea, President and CEO of Honeywell Industrial Automation. AI-driven automation is crucial to addressing the labor force shortage in the industry, by capturing institutional knowledge, digitizing workflows, and accelerating the learning curve for future generations, Boldea said.
Integrating AI into the System
With this partnership, Chevron operators will also be able to incorporate AI into Honeywell’s Experion® distributed control system (DCS), preparing them for the future and ensuring they are better informed in the control room. The integration of AI to optimize operations and improve efficiency, as well as to qualify the workforce, supports the alignment of Honeywell’s portfolio with three powerful megatrends, including automation.
The collaboration between Chevron and Honeywell marks a crucial moment in the evolution of AI assisting human operators in industrial plants. By co-innovating AI-enabled operational guidance solutions, both companies are establishing new efficiency standards, safety and reliability in refining processes.
Notice of New Opportunities
This collaboration not only addresses the current challenges in the industry but also opens new pathways for future advancements, ensuring that both Chevron and Honeywell remain at the forefront of innovation. For more information on Honeywell’s AI solutions for industries, including the Honeywell Field Process Knowledge System, the Experion Operations Assistant, and Honeywell Production Intelligence, visit Honeywell.com.
About Honeywell: Honeywell is an integrated operational company serving a wide range of industries and geographic regions around the world. Our business is aligned with three powerful trends – automation, the future of aviation, and the energy transition – all supported by our operational system Honeywell Accelerator and the Honeywell Forge IoT platform.
As a trusted partner, we help organizations tackle the world’s most challenging and complex problems by delivering actionable solutions and innovations through our business segments Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions, helping to make the world smarter, safer, more secure, and sustainable.
For more news and information about Honeywell, visit www.honeywell.com/newsroom.
Source: © Honeywell Press
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