Honeywell Selected For Automation, Security Systems For Expansion Of Major Liquefied Natural Gas Terminal

Honeywell

Process Solutions (HPS) announced today that its automation and security systems will help Freeport LNG Development, L.P. (Freeport LNG) expand its southeast Texas liquefied natural gas (LNG) terminal into a world-class liquefaction and export operation. This expansion will give Freeport LNG 13.9 million tons a year of export capacity. Startup is expected in 2018. Freeport LNG's is one of 10 new or expanded import or export LNG terminals that have been approved by the Federal Energy Regulatory Commission. HPS will be the integrated main automation contractor (I-MAC) for the expansion project. In this role, HPS will be responsible for designing, delivering and installing the automation, instrumentation, controls, and safety and security systems. The unified approach will be critical in helping the project meet operational and business readiness goals on day-one of startup. "The expanded I-MAC capabilities that Honeywell brings to this project – and specifically our new LEAP™ project services – will help Freeport LNG start up this terminal expansion faster and within budget," said Pieter Krynauw, vice president for HPS's Projects and Automation Solutions business. "Honeywell's latest technologies, project delivery capabilities and expert services will create a highly integrated infrastructure to boost the plant's profitability." The terminal, located on Quintana Island near Freeport, Texas, will build three new processing units, or trains, as part of a more than $13 billion expansion, adding gas pretreatment and liquefaction capabilities. Honeywell will supply its automation and control expertise and a unique approach to project consulting and execution to support Freeport LNG's move to exporting LNG in the wake of newly-exploited domestic natural gas resources. "Such a significant expansion of our business requires us to leverage our strategic partners to ensure we develop the safest, most efficient world-class asset," said Michael Smith, chairman and chief executive officer of Freeport LNG. Honeywell will go beyond the traditional main automation contractor role to include a broader scope of products, services, and consulting capabilities that add value over the entire project and operating lifecycle of the venture. Specific key deliverables include a number of Honeywell's innovative and patented technologies including LEAP, Honeywell's lean project execution services, Experion® PKS Orion with Distributed Systems Architecture (DSA), Experion Security Integrator, Fault Tolerant Ethernet (FTE), Universal process and safety I/O, virtualization, advanced control, Safety Manager, Fire and gas systems, OneWireless™ Network, Digital Video Manager™ (DVM), UniSim operator training simulator, advanced alarm management software, and PHD data historian. By leveraging these integrated solutions, Honeywell will reduce risks and minimize potential schedule delays for both Freeport LNG and its engineering, procurement and construction (EPC) contractor during the facility expansion's startup. Honeywell has partnered with principals at Freeport LNG for almost a decade to drive supply chain optimization aimed at achieving production and cargo deliveries that meet or exceed Freeport LNG's Annual Delivery Plan. Honeywell offers a broad range of technologies for natural gas production, processing and transportation. Its UOP business provides technology, modular equipment and advanced materials to remove impurities from natural gas so it can be transported by pipeline or as liquefied natural gas (LNG), and to recover valuable natural gas liquids. HPS provides advanced automation, monitoring, safety and security systems for the entire gas supply chain to help operators increase plant reliability and efficiency while reducing costs and risk. 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.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. 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