Honeywell/BP alliance
15 Jan 2000
Honeywell's Hi-Spec Solutions division has signed a five-year business alliance with BP Oil for the supply of advanced control, training, and optimisation software to some 11 BP refineries around the world.
'At BP Oil,' says Jean-Claude Montanier, head of the company's Oil Technology Network, 'we have set a target to improve significantly our competitive position by the year 2000. Our strategy includes building strong relationships with suppliers of service and technology, and the alliance with Hi-Spec provides us with a reliable and cost effective way of helping us to achieve part of this goal within our refining business.'
BP's goal is to achieve a profit improvement of $0.50 per barrel of crude oil feed from a variety of initiatives, including this one.
