Honeywell has signed a memorandum of understanding (MoU) with oil and gas company Petronas to collaborate on carbon-neutral energy projects in Malaysia.

This will see the two companies working together on sustainability in process technologies, industrial automation and plant digitalisation.

The MoU was signed at the biennial Offshore Technology Conference Asia by Honeywell vice president Norm Gilsdorf and Petronas senior vice president Bacho Pilong.

At the conference, the companies discussed growth opportunities and the benefits of leveraging Honeywell’s innovations and technologies to help Petronas achieve its sustainability, digitalisation and productivity goals.

Petronas, the custodian of Malaysia’s national oil and gas resources and a global energy company, will collaborate with Honeywell for breakthroughs within four areas – digital transformation, sustainability and emissions management, cyber security, and leadership and capability management. These will support Petronas’ growth strategy and low-carbon agenda by employing Honeywell technologies for productivity, carbon capture and use, energy storage, and digital twins.

“We greatly value the long-standing relationship between our two companies and Honeywell is looking forward to collaborating with and assisting Petronas in accelerating their strategy on sustainability, digitalisation and productivity,” said Gilsdorf. “Honeywell is committed to bringing our expertise and experience in connecting processes, assets and people by means of industrial software, innovations and proven technologies that will help Petronas unlock tremendous value for the industry.”

The collaboration marks one of the first of its kind in harmonising processes and business analytics into integrated technology and 5G-enabled secured asset operations for Petronas.

“The solutions will support Petronas in effortlessly achieving the highest-ever standards of accuracy, reliability, profitability and security,” said Gilsdorf. “We are proud to collaborate with Petronas in integrating digitalisation and sustainability to the next level.”

Pilong said that as a progressive energy partner enriching lives for a sustainable future, Petronas maintained that its pursuits of growth addressed the three-bottom line of people, planet and profit.

“While the people are direct beneficiaries of our innovations, we want to bring greater positive impact to them through capability development, which is a key area of this MoU,” said Pilong. “This is in line with Petronas’ nation building efforts, especially in supporting the country’s push towards an inclusive digital economy.”

Honeywell specialises in industrial automation software, analytics and ecosystem for plant digitalisation, connected plant programmes and cyber security. It aims to improve performance and help make refining, petrochemicals and upstream operations safer, more efficient and smarter, while reducing greenhouse gas emissions.