{"id":39194,"date":"2023-01-26T11:35:19","date_gmt":"2023-01-26T08:35:19","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=39194"},"modified":"2026-03-28T02:36:38","modified_gmt":"2026-03-27T23:36:38","slug":"honeywell-to-showcase-localization-sustainability-and-digital-solutions-at-iktva-forum-2023","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/honeywell-to-showcase-localization-sustainability-and-digital-solutions-at-iktva-forum-2023\/","title":{"rendered":"<strong>HONEYWELL TO SHOWCASE LOCALIZATION, SUSTAINABILITY AND DIGITAL SOLUTIONS AT IKTVA FORUM 2023<\/strong>"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>RIYADH, Saudi Arabia, January 26, 2023&nbsp;<\/strong>&#8212; Honeywell&nbsp;<strong>(Nasdaq: HON)<\/strong>&nbsp;will showcase digital technologies to support a sustainable energy transition and underscore its commitment to advancing Saudi Arabia\u2019s localization initiatives at this year\u2019s IKTVA Forum, which takes place from January 30 to February 2, 2023 at Dhahran Expo Center.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aramco\u2019s IKTVA (in Kingdom Total Value Add) program is creating a reliable, world-class supply chain that drives innovation and value creation and supports Saudi Arabia\u2019s vision for economic diversification and job creation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Sustainability at the core of IKTVA Forum 2023<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Honeywell is a leader in ready now sustainability-related innovations, combining this capability with a long legacy in advancing the digital transformation of industrial sectors across the Middle East. Alongside its own target of becoming carbon neutral across its operations and facilities by 2035, Honeywell is helping Saudi Arabia realize its goal of reaching net zero by 2060 through localized technology deployment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAt IKTVA Forum 2023 we will highlight our commitment to delivering high quality, local careers in line with the Kingdom\u2019s visionary national objectives, and advancing local partnerships to co-create and deploy technologies capable of solving some of the world\u2019s biggest challenges,\u201d commented Mohammed Mohaisen, president and CEO, Honeywell Middle East and North Africa. \u201cThe forum is the ideal platform for us to celebrate our 70-year legacy of innovation with Aramco, and to engage with our strategic regional partners on innovation to drive a secure, sustainable energy transition for the world.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Honeywell is a gold sponsor of this year\u2019s IKTVA Forum, where it will showcase a range of technologies from its stand (<strong>DG01<\/strong>) that span sustainability, workforce excellence, digital transformation and localization. These include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/uop.honeywell.com\/en\/products-and-services\/upcycle-plastics-recycling\">UpCycle<\/a>&nbsp;plastics recycling technology which, when used in conjunction with other chemical and mechanical recycling processes, along with improvements to collection and sorting, has the potential to help recycle up to 90% of waste plastics.<a href=\"applewebdata:\/\/5EAD111E-44CB-48E7-8174-23F709CA6020#_edn1\"><sup>[i]<\/sup><\/a><a href=\"applewebdata:\/\/5EAD111E-44CB-48E7-8174-23F709CA6020#_edn2\"><sup>[ii]<\/sup><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=CrTKKzsG_Ys\">Ecofining<\/a>\u2122&nbsp;technology to produce renewable jet fuel and diesel that can be used as a drop-in replacement to petroleum fuel. Fuel produced using Ecofining can offer a greenhouse gas emissions reduction of up to 80% depending on the type of fuel produced and the feedstock used.<\/li>\n\n\n\n<li>Honeywell Buildings Sustainability Manager powered by Honeywell Forge &#8212; a suite of ready now solutions that help building owners and operators meet two pressing, yet often conflicting, objectives \u2013 optimizing a building\u2019s indoor air quality while still reducing its environmental impact \u2013 with the aim of helping them to support carbon reduction goals.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\">\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/sps.honeywell.com\/gb\/en\/software\/safety\/connected-safety\/safety-suite\/safety-suite-real-time\">Safety Suite Real Time<\/a>&nbsp;(SSRT) software, which monitors workers\u2019 exposure to gas, changes in vital signs and ambient weather conditions in real time for a comprehensive view of worker safety.<\/h5>\n\n\n\n<h5 class=\"wp-block-heading\">\u00b7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<a href=\"https:\/\/www.honeywellforge.ai\/us\/en\/products\/industrials\/unisim-design\">UniSim Design Suite<\/a>, which helps process industries improve productivity and profitability throughout an engineering project or plant asset lifecycle. It combines powerful simulation and analysis tools and real-time applications to enable companies to improve operational designs, optimize production and training and enhance decision-making.<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Saudi Arabia\u2019s Digital Future<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As part of Honeywell\u2019s presence at this year\u2019s forum, Ben Driggs, Honeywell\u2019s president of Global High Growth Regions, will participate in a panel session alongside Aramco senior leadership on \u2018Thriving in the Digital Age\u2019 on Tuesday, January 31, at 10:15 a.m at the main congress stage.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saudi Arabia has adopted several digital strategies and established a framework for digital transformation across its finance, commerce, logistics and information technology sectors. Within its transformation plan, the Kingdom is advancing the use of Artificial Intelligence (AI) to achieve its ambitious Saudi Vision 2030 plans and the Smart Government Strategy objective.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The strategy is expected to set Saudi Arabia\u2019s AI market on course to reach $135.2 billion by 2030, which will contribute an estimated 12.4% to the Kingdom\u2019s gross domestic product and will include the transformation of its workforce.<a href=\"applewebdata:\/\/5EAD111E-44CB-48E7-8174-23F709CA6020#_edn3\"><sup>[iii]<\/sup><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the IKTVA Forum 2023, Honeywell will highlight its portfolio of technologies that support this digital transformation strategy, while enhancing workforce performance and protection. Underscoring this focus, in the last few years Honeywell has signed a series of agreements to support Saudi Arabia\u2019s digitalization journey, including a landmark&nbsp;joint-venture with Aramco to develop digital solutions for end-to-end plant operations.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"applewebdata:\/\/5EAD111E-44CB-48E7-8174-23F709CA6020#_ednref1\"><sup>[i]<\/sup><\/a>&nbsp;Assuming sorting and collection improves to recover most waste plastic, and chemical recycling, including Honeywell UOP UpCycle Process, is widely deployed. The 90 percent of waste plastics that could be recycled may change depending on the number of consumers or communities that have access to recycle waste plastics or the availability of recycle facilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"applewebdata:\/\/5EAD111E-44CB-48E7-8174-23F709CA6020#_ednref2\"><sup>[ii]<\/sup><\/a>&nbsp;Honeywell UOP analysis of US EPA Advancing Sustainable Materials Management: Facts and Figures 2018 and IHSMarkit 2019 world polymer consumption data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"applewebdata:\/\/5EAD111E-44CB-48E7-8174-23F709CA6020#_ednref3\"><sup>[iii]<\/sup><\/a>\u00a0<a href=\"https:\/\/www.pwc.com\/m1\/en\/publications\/potential-impact-artificial-intelligence-middle-east.html\">https:\/\/www.pwc.com\/m1\/en\/publications<\/a><a href=\"https:\/\/www.pwc.com\/m1\/en\/publications\/potential-impact-artificial-intelligence-middle-east.html\" target=\"_blank\" rel=\"noreferrer noopener\">\/potential-impact-artificial-intelligence-middle-east.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RIYADH, Saudi Arabia, January 26, 2023&nbsp;&#8212; Honeywell&nbsp;(Nasdaq: HON)&nbsp;will showcase digital technologies to support a sustainable energy transition and underscore its commitment to advancing Saudi Arabia\u2019s localization initiatives at this year\u2019s IKTVA Forum, which takes place from January 30 to February 2, 2023 at Dhahran Expo Center.&nbsp; Aramco\u2019s IKTVA (in Kingdom Total Value Add) program is [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":39195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":19,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-39194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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