Strategic MoU paves the way for both companies to work together on multiple opportunities
Honeywell recently signed a strategic Memorandum of Understanding (MoU) with Sonatrach, Algeria’s state hydrocarbon company, to enable both companies to explore opportunities to advance the sustainability and digitalization of Algeria’s energy sector.
Under the terms of the MoU, the companies will identify future opportunities for the deployment of Honeywell technologies and best practices across Sonatrach’s operations, which may include carbon capture solutions and digital technologies designed to reduce the energy intensity and improve overall efficiency of plant operations, according to a press release.
Honeywell will also work with Sonatrach on additional digitalization initiatives that could advance predictive maintenance, system lifecycle management and operational and cybersecurity upgrades across Sonatrach’s infrastructure.
The MoU was signed at Sonatrach’s headquarters by Mohamed Daoud, Procurement and Logistics Corporate Director, Sonatrach, and Meziane Ghaoui, General Manager North Africa, Honeywell Performance Materials and Technologies, in the presence of Toufik Hakkar, CEO, Sonatrach and Mohammed Mohaisen, President and CEO, Honeywell Middle East and North Africa.
The MoU will include a new training and skills development partnership to advance local workforce capabilities to better support the energy needs of Algeria and the African continent, the press note continued.
“Algeria continues to be an important market for Honeywell and we remain committed to supporting the country’s ambitions for local-led advancement of critical sectors of its economy,” concluded Mohaisen.