Multinational industrial conglomerate Honeywell and PETRONAS, also known as Petroliam Nasional Bhd, have signed a Memorandum of Understanding (MoU) to collaborate on a series of strategic sustainability, digitalization and carbon neutral energy initiatives.
The pair have touched base on growth opportunities and the benefits of leveraging Honeywell's innovative solutions and technologies to help Petronas achieve its sustainability, digitalization, and productivity goals. These solutions will circle on four specific areas: digital transformation, sustainability and emissions management, cybersecurity, and leadership and capability management.
Norm Gilsdorf, Vice President Honeywell Global High Growth Regions and President of Honeywell ASEAN said, "Honeywell is committed to bringing our expertise and experience in connecting processes, assets and people by means of industrial software, innovative solutions and proven technologies that will help Petronas unlock tremendous value for the industry."
"The solutions will support PETRONAS in effortlessly achieving the highest-ever standards of accuracy, reliability, profitability, and security. We are proud to collaborate with PETRONAS in integrating digitalisation and sustainability to the next level," added Gilsdorf.
Meanwhile, PETRONAS Senior Vice President of Project Delivery & Technology, Bacho Pilong commented that as a progressive energy and solutions partner enriching lives for a sustainable future, PETRONAS maintains that its pursuits of growth 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 greater positive impact to them through capability development, which is a key area of this MoU. This is in line with PETRONAS' nation building efforts, especially in supporting the country's push toward an inclusive digital economy."
The collaboration marks one of the first of its kind in harmonizing processes and business analytics into an integrated, cutting-edge technology and 5G-enabled secured asset operations for PETRONAS.