HONEYWELL INTRODUCES EMISSIONS CONTROL & REDUCTION INITIATIVE TO SUPPORT CUSTOMERS' SUSTAINABILITY GOALS

Initial offering to focus on the detection and reporting of fugitive methane emissions to help users reduce production losses, improve productivity and comply with ongoing legislation

ORLANDO, Fla., May 24, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced an Emissions Control & Reduction Initiative designed to help customers achieve carbon neutrality in a wide range of areas. The initiative will initially focus on helping oil and gas customers with upstream, midstream and downstream operations to monitor and reduce fugitive methane emissions, which are more than 25 times as potent as carbon dioxide at trapping heat in the atmosphere according to the Environmental Protection Agency.

By combining its portfolio of fixed, portable and personal gas detection solutions with gas cloud imaging cameras, Honeywell will provide customers with early detection of fugitive methane emissions, including the precise location of any leaks and associated data analytics and trends. Equipped with this data, users can act quickly to address leaks and other identified risks to minimize production losses and maintain compliance with legislation.

The solution ? which combines wireless gas detector technology with enterprise-wide data management solutions ? works in tandem with existing Leak Detection & Repair (LDAR) testing methods to improve the accuracy of reporting and increase productivity by enabling users to find production losses faster.

"The Emissions Control and Reduction Initiative expands on Honeywell's wide range of ready-now technologies that are helping our customers meet their sustainability goals," said Ujjwal Kumar, president of Honeywell Process Solutions. "With our pedigree in gas detection and breadth of solutions, Honeywell is providing customers with a holistic and proactive approach to emission reduction that they've never had before."

Honeywell recently announced a new set of commitments that further advance its sustainability goals beyond the company's existing commitment to become carbon neutral in its facilities and operations by 2035. The new pledges include a commitment to develop a science-based target with the Science Based Targets initiative (SBTi) that includes scope 3 emissions and participation in the U.S. Department of Energy's Better Climate Challenge. These initiatives represent a continuation of the company's sustainability efforts since 2004, which have already driven a more than 90% reduction in the greenhouse gas intensity of its operations and facilities. The company also supports the Paris Climate Agreement.

Honeywell's methane detection capability will be available to customers in Q4 2022.

For more information on Honeywell's Sustainability initiatives, please visit this website.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Media Contact:
Blake Herbert
+1 (832) 252-5828
[email protected]

Investor Relations Contact:
Sean Meakim
+1 (704) 627 6200
[email protected]  

SOURCE Honeywell