$12 million for Honeywell

recently signed a $12 million agreement with petrochemical company

(SABIC) to provide advanced process control and implementation services to SABIC sites throughout Saudi Arabia.

Under the terms of the agreement, Honeywell will provide optimisation applications based on its Profit Suite technology, including core applications Profit Controller and Profit Optimizer. Honeywell says its tools can help process manufacturers increase plant efficiency and improve plant performance.

“We’ve worked with Honeywell in the past on the fundamental operation of our facilities, so we’re confident in its ability to help us optimise plant performance,” said Mohamed H. Al-Mady, SABIC vice chairman and CEO. “We are also impressed by Honeywell’s extensive global resources, which will enhance our ability to compete in the global market.”

SABIC is the largest publicly traded company in the Middle East, and the seventh largest petrochemical company in the world based on annual revenues. The company is headquartered in Riyadh and has an annual production of more than 43 million tonnes.