Honeywell And PetroVietnam Advance

Partnership With A Memorandum Of

Understanding

Honeywell will have the opportunity to provide professional consultancy, best practice
sharing, and continual training to PetroVietnam.

Honeywell recently announced it has signed a Memorandum of Understanding (MOU)

with Vietnam Oil and Gas Group (PetroVietnam) to advance their cooperation in
Vietnams oil and gas industry. The MOU was signed during U.S. President Barack
Obamas visit to Vietnam, and in the presence of representatives of the U.S. and
Vietnamese governments as well as executives from the two companies.

The MOU formalizes the deepening relationship between Honeywell and PetroVietnam
and further confirms a common vision of developing a strong, cooperative partnership.

The increasing cooperation between Honeywell and PetroVietnam is critical not only to
our two companies, but to our two countries, said Mai Trang Thanh, President of
Honeywell Indochina. We are greatly honored that our advanced technologies and
services can play a part in Vietnams development into a safer, more secure and energy
efficient country.

Under the terms of the MOU, Honeywell will have the opportunity to provide
professional consulting services and advice to PetroVietnam and its subsidiaries for
future investment projects as well as to support PetroVietnam in engineering design and
economic and technical project feasibility studies for all of its facilities.

Honeywell is an important partner to oil and gas companies in Vietnam over the last
two decades, and this MOU marks another significant milestone in that relationship,
said David Low, Vice President and Asia General Manager of Honeywell Performance
Materials and Technologies. Honeywell has provided process technologies as well as
automation and control solutions, technical management services, and safety solutions
for PetroVietnams upstream and downstream projects as well as those of its
subsidiaries, including Bien Dong POC, Vietsovpetro, Dung Quat Refinery, and PV Gas.

In 1999, Honeywell UOP licensed the CCR Platforming and Penex processes to
Petrovietnams Dung Quat Refinery, for the production of fuels, fuel blending
components and aromatics. In 2009, UOP licensed an additional aromatics complex,
and alkylation and sulfur removal processes to the Nghi Son Refinery. Honeywell UOP
won a major gas project with PetroVietnam in 2012 that included technology to recover
natural gas liquids. Last year, Honeywell UOP announced a 250 mmscfd modular gas
processing plant for PV Gas in Ca Mau, and a refinery and petrochemical complex for
the Nghi Son Refinery.

Honeywell Performance Materials and Technologies (PMT) is a global leader in

developing advanced materials, process technologies and automation solutions. PMTs
Advanced Materials businesses manufacture a wide variety of high-performance
products, including environmentally friendlier refrigerants and materials used to
manufacture end products such as bullet-resistant armor, nylon, computer chips and
pharmaceutical packaging. Process technologies developed by Honeywell UOP
(www.uop.com) form the foundation for most of the worlds refiners, efficiently
producing gasoline, diesel, jet fuel, petrochemicals and renewable fuels. Honeywell
Process Solutions business (www.honeywellprocess.com) is a pioneer in automation
control, instrumentation and services for the oil and gas, refining, pulp and paper,
industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and
metals, minerals and mining industries.

About Honeywell
Honeywell is a Fortune 100 diversified technology and manufacturing leader, serving
customers worldwide with aerospace products and services; control technologies for
buildings, homes and industry; turbochargers; and performance materials. Honeywell
has offices in both Hanoi and Ho Chi Minh City and has been providing the Vietnam
market with technologies from all four businesses. For more information, visit
www.honeywell.com.

Honeywell to provide consultancy, training to PetroVietnam

Honeywell will have the opportunity to provide professional consultancy, best practice
sharing, and continual training to national oil and gas group PetroVietnam, according to a
Memorandum of Understanding (MoU) signed between the two companies yesterday.

The MOU was signed during US President Barack Obamas visit to Vietnam, and in the
presence of representatives of the US and Vietnamese governments as well as executives
from the two companies.

Under the terms of the MOU, Honeywell will have the opportunity to provide professional
consulting services and advice to PetroVietnam and its subsidiaries for future investment
projects as well as to support PetroVietnam in engineering design and economic and
technical project feasibility studies for all of its facilities.

Honeywell is an important partner to oil and gas companies in Vietnam over the last two
decades, and this MOU marks another significant milestone in that relationship, said David
Low, vice president and Asia general manager of Honeywell Performance Materials and
Technologies. Honeywell has provided process technologies as well as automation and
control solutions, technical management services, and safety solutions for PetroVietnams
upstream and downstream projects as well as those of its subsidiaries, including Bien Dong
POC, Vietsovpetro, Dung Quat Refinery, and PV Gas.

The MOU formalises the deepening relationship between Honeywell and PetroVietnam and
further confirms a common vision of developing a strong, cooperative partnership.

The increasing cooperation between Honeywell and PetroVietnam is critical not only to our
two companies, but to our two countries, said Mai Trang Thanh, President of Honeywell
Indochina. We are greatly honored that our advanced technologies and services can play a
part in Vietnams development into a safer, more secure and energy efficient country.

In 1999, Honeywell UOP licensed the CCR Platforming and Penex processes to
PetroVietnams Dung Quat Refinery, for the production of fuels, fuel blending components
and aromatics. In 2009, UOP licensed an additional aromatics complex, and alkylation and
sulfur removal processes to the Nghi Son Refinery. Honeywell UOP won a major gas project
with PetroVietnam in 2012 that included technology to recover natural gas liquids. Last year,
Honeywell UOP announced a 250 mmscfd modular gas processing plant for PV Gas in Ca
Mau, and a refinery and petrochemical complex for the Nghi Son Refinery.

ietnams PV Gas Selects Honeywell Modular Gas Processing Plant And

Automation To Produce Liquefied Petroleum Gas (LPG)
Home / Vietnams PV Gas Selects Honeywell Modular Gas Processing Plant And Automation To Produce Liquefied
Petroleum Gas (LPG)

Factory-built modular plant will reduce imports of LPG

DES PLAINES, Ill., Jan. 12, 2016 Honeywell (NYSE: HON) announced today that it will supply a 250 million
standard cubic feet per day (mmscfd) modular gas processing plant and advanced automation systems to
PetroVietnam subsidiary, PV Gas.
PV Gas, Vietnams primary gas provider, will use Honeywell UOPs modular gas processing plant to separate
liquefied petroleum gas (LPG) from natural gas at its Ca Mau facility near the southern tip of Vietnam. Honeywell
Process Solutions (HPS) will serve as the integrated main automation contractor (I-MAC) and supply the integrated
controls and safety systems for the facility and terminal. PV Gass total capital investment for the project is
approximately $498 million.

PV Gas supplies natural gas to generate nearly 40 percent of the nations electricity, and local production accounts
for more than 55 percent of Vietnams domestic demand for LPG.

The Honeywell UOP modular plant will separate LPG, a compressed mix of propane and butane, from natural gas.
LPG is used as a fuel for heating and transportation, and to manufacture plastics and synthetic rubber. Globally,
LPG consumption is growing rapidly due to its versatility, low carbon emissions and energy efficiency. Within Asia,
LPG demand is expected to grow at about 8.5 percent per year through 2020, according to IHS.

As part of the largest oil and gas provider in Vietnam, PV Gas is making smart investments in infrastructure and
innovative technology to meet the countrys goal of increasing the utilization and profitability of natural gas, and
this solution from Honeywell will help us achieve that, said Mr. Huynh Quang Hai, general manager of Ca Mau
Gas Processing Plants management board. Honeywells modular gas plant and advanced automation controls offer
a high recovery liquid efficiency, increasing the production of valuable products from natural gas.
 The factory-built modular gas plant will be installed on site and is expected to begin production in 2017. The
consortium of Posco Engineering Co., Ltd and PetroVietnam Technical Services Co. is the Engineering,
Procurement and Construction (EPC) contractor for the project.

Honeywell UOP has worked with PetroVietnam for more than 20 years in refining and petrochemicals, and this
project will help Vietnam meet its growing energy demands, said John Gugel, vice president and general manager
of Honeywell UOPs Gas Processing and Hydrogen business. Our modular gas processing plants are a proven
solution for high-quality, fast and efficient gas processing anywhere in the world, helping companies generate
revenue sooner and more cost-effectively than with stick-built plants.

As the I-MAC, Honeywell will provide the front-end engineering and design (FEED) to design, deliver and install
the automation, instrumentation, controls, safety and security for the gas processing units as well as for the terminal
operations. This unified approach will be critical to help the project start up quickly and meet operational and
business readiness goals.

Honeywell is uniquely qualified to supply both the process and controls for major projects like this, said Pieter
Krynauw, vice president for HPSs Projects and Automation Solutions business. UOP provides the processes that
make the facility work, and HPS automation controls will keep it running efficiently and safely. PV Gas will see
lifecycle benefits from this approach, beginning with fast installation and startup and sustained through training and
site services all from a single supplier.

Honeywell UOPs modular process equipment efficiently delivers technology to treat and process natural gas, and
can be shipped easily to remote locations. Plant modules are assembled quickly, significantly reducing construction
time and expense, and enhancing reliability after startup. For multiple units, the standardized design simplifies
training, operations and maintenance due to common parts, skid and installation layouts, and spares. Watch a
video on Honeywell UOP modular gas processing solutions.
Honeywell UOP also offers a full suite of related technologies to remove contaminants from raw natural gas
streams, to purify hydrogen used in refineries, and equipment including Callidus flares. The company has supplied
technology to more than 3,600 individual units in a broad range of applications throughout the world. It also
supplies modular equipment to the global oil refining and petrochemical industries.
Honeywells automation technologies that will be deployed by PV Gas include:

Experion Process Knowledge System (PKS), the heart of the Integrated Control and Safety Systems (ICSS),
offering more than traditional distributed control systems (DCS) by unifying people with process, business
requirements and asset management by enabling integration of all process control and safety systems and
automation software under one unified architecture.
LEAP Honeywells new lean project execution services combines proprietary Universal Channel Technology,
virtualization and cloud engineering to give users greater scheduling flexibility while reducing risk and total
automation costs by up to 30 percent.
Smartline field transmitters The industrys first modular and most reliable transmitters set a standard for ease of
use and total performance in harsh and noisy process environments.
Safety Manager integrates process safety data, applications, system diagnostics and critical control strategies, and
executes defined safety applications in a fully redundant architecture.
SmartRadar FlexLine is one of Honeywells high-end radar tank gauges for the assessment of tank contents, tank
inventory control and tank farm management.
PetroVietnam is a state-owned company with many subsidiaries that operate in the oil and gas industries, from
exploration and production, to storage, processing, transportation and distribution. The company is responsible for
the countrys oil and gas resources, acting as the primary operator and regulator.
Honeywell Performance Materials and Technologies (PMT) is a global leader in developing advanced materials,
process technologies and automation solutions. PMTs Advanced Materials businesses manufacture a wide variety
of high-performance products, including environmentally friendlier refrigerants and materials used to manufacture
end products such as bullet-resistant armor, nylon, computer chips and pharmaceutical packaging. Process
technologies developed by PMTs UOP business (www.uop.com) form the foundation for most of the worlds oil and
gas industries, efficiently producing gasoline, diesel, jet fuel, natural gas, petrochemicals and renewable fuels.
PMTs Process Solutions business (www.honeywellprocess.com) is a pioneer in automation control, instrumentation
and services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals,
biofuels, life sciences, and metals, minerals and mining industries.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving
customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry;
turbochargers; and performance materials. For more news and information on Honeywell, please
visit www.honeywellnow.com.
This release contains certain statements that may be deemed forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that
address activities, events or developments that we or our management intends, expects, projects, believes or
anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of their experience and their perception of historical
trends, current economic and industry conditions, expected future developments and other factors they believe to be
appropriate. The forward-looking statements included in this release are also subject to a number of material risks
and uncertainties, including but not limited to economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees
of future performance, and actual results, developments and business decisions may differ from those envisaged by
such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our
Form 10-K and other filings with the Securities and Exchange Commission.

Honeywell Technology, Engineering and Project

Management Selected for Third Vietnamese Offshore
Platform
March 05, 2015

Asia & Pacific

China

India

HO CHI MINH CITY, Vietnam, March 5, 2015: Honeywell (NYSE: HON) Process
Solutions (HPS) today announced it has been selected to handle critical project
management and engineering for a third oil and natural gas platform that will tap energy
reserves off the coast of Vietnam.

Hoang Long Joint Operating Co. (HLJOC) will operate the TGT-H5 wellhead platform
located in the Te Giac Trang (TGT) Field off the southern coast of Vietnam. HPS served
as the main contractor and provided control and safety solutions for HLJOC's two other
platforms that are currently operating in the TGT Field.

Along with turnkey project management and engineering of the new platform's topside
structures, HPS will install an integrated Honeywell control and safety solution, including
a new fire and gas system, to improve automation, increase cyber and physical security,
and improve operator effectiveness. TGT-H5 plans to begin production in fourth quarter
of 2015. Total production from the three platforms is expected to be about 50,000
barrels of crude oil per day.

"HLJOC's decision to award a third project to Honeywell, right on the heels of the first
two, is a reflection of HLJOC's confidence in our technology, experience and
performance," said Joe Spirito, vice president of Asia Pacific Sales for HPS. "This latest
award is a reflection of the strong partnership we have developed and the value we
bring in helping HLJOC to achieve their business objectives."

Dr. Cu Xuan Bao, General Manager for HLJOC, said, "We selected Honeywell not only
for its technology but also for the experience and commitment that the Honeywell team
brings to the TGT-H5 project. We have had a highly positive experience working with
Honeywell on two previous wellhead platform projects, TGT-H1 and TGT-H4, both of
which were completed on time and on budget."

The new contract includes engineering management and integration with the two
existing TGT platforms, the floating production storage and offloading (FPSO) vessel
that processes the hydrocarbons produced by the platforms, and remote monitoring
from the HLJOC office in Ho Chi Minh City. Specific technology to be used on the H5
platform includes Experion PKS, C300 Controller, and Safety Manager.

One of the largest joint operating companies in Vietnam, HLJOC is a state-owned

partnership between PetroVietnam Exploration and Production Corp., SOCO Vietnam
Ltd., OPECO Vietnam Ltd and PTT Exploration and Production Co. Ltd.

Honeywell has been a strong partner in developing Vietnam's energy infrastructure for
more than a decade primarily through its HPS and UOP businesses. In addition to the
offshore TGT platforms, Honeywell technologies including Experion Process
Knowledge System and UOP's processes such as CCR Platforming and Penex,
are being used in the Dung Quat Refinery and the Nghi Son Refinery now under
construction. Honeywell also has established training programs for Vietnam's workforce
including an Automation College in Hanoi and a career development program with
PetroVietnam. These programs help to build and sustain a strong talent pool to support
the projected growth in the process and refining industries in Vietnam and Southeast
Asia.
###

Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation

control, instrumentation and services for the oil and gas; refining; pulp and paper;
industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and
metals, minerals and mining industries. Process Solutions is part of Honeywell's
Performance Materials and Technologies strategic business group, which also includes
UOP, a leading international supplier and licensor of process technology, catalysts,
adsorbents, equipment, and consulting services to the petroleum refining,
petrochemical, and gas processing industries.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and

manufacturing leader, serving customers worldwide with aerospace products and
services; control technologies for buildings, homes, and industry; turbochargers;
and performance materials. For more news and information on Honeywell, please
visit www.honeywell.com/newsroom.

Experion is a registered trademark of Honeywell International.

Honeywell UOP from the US has agree to provide oil refinery and
petrochemical technology, and technical services for the Binh Son
Refining and Petrochemical Company Ltd (BSR) following a recent
signed memorandum of understanding (MoU) between the two
companies. VNS Photo
QUANG NGAI (Biz Hub) Honeywell UOP from the US has agree to provide oil refinery and
petrochemical technology, and technical services for the Binh Son Refining and Petrochemical Company
Ltd (BSR) following a recent signed memorandum of understanding (MoU) between the two companies.
The managing board of BSR said the MoU, which was signed last week in
the central province, will help the company seek technical support, catalysts and
and technological solutions from Honeywell UOP for the expansion and upgrade
of projects in coming years.
As scheduled, the local giant oil refinery company will start maintaining the Dung
Quat Oil Refinery plant in the second quarter of 2017, and again in each of the
following three years.
Honeywell UOP, which is the leading international supplier and technology
licensor for petroleum refining, gas processing, petrochemical production and
major manufacturing, started operations in Viet Nam in 2005, and its technology
was used in the Dung Quat refinery as well as a range of solutions and
technologies elsewhere in the country including avionics systems, power
equipment and parts for aircraft engines, security systems, process control
solutions, building automation solutions and specialty materials.
The Dung Quat Oil Refinery plant one of the Binh Son company's major plants
is operating at 105 per cent of its designed capacity (6.5 million tonnes per
year).