HONEYWELL INVENTORY CALCULATION ENGINE SELECTED BY ROYAL VOPAK FOR ITS TERMINAL MANAGEMENT SYSTEM

HOUSTON, July 22, 2021 - Honeywell today announced that its cloud-based Honeywell Enraf^® Inventory Calculation Module (HEICM) has been integrated into Royal Vopak’s MyService Terminal Management System (TMS). Developed in cooperation with Royal Vopak, MyService is used at Vopak terminals to facilitate the safe, clean and efficient storage and handling of bulk liquid products and gases.

HEICM was developed using agile software development principles. It accurately calculates inventories and product movement quantities for a massive range of liquid products stored at the sites. All the calculations provided meet major international, recognized standards and publications, including those of American Society for Testing and Materials, American Petroleum Institute and Gas Processors Association.

“Integrating Honeywell's measurement modules with our bespoke MyService software is creating a competitive advantage for Vopak's services,” said Leo Brand, CIO Royal Vopak. “Honeywell’s legal metrology expertise and long experience providing compliant, accurate liquid stock accounting made it an ideal strategic partner for our digital transformation program.”

HEICM will enable Royal Vopak terminals to perform consistent and efficient terminal inventory calculations and compliance-related verifications, contributing to operational excellence.

“We’re pleased our work with Royal Vopak on the HEICM development resulted in a comprehensive calculation engine tailored for the terminal market,” said Rudi van der Kraats, Director Strategic Terminal Accounts Honeywell Process Solutions. “Software-driven, intelligent technologies such as HEICM are part of our strategy to provide a full terminal automation solution.”

Honeywell plans to make HEICM available to other terminal operating companies around the world for similar TMS integrations, as well as a stand-alone/cloud version which can be used by independent surveyors.

To learn more about Honeywell Terminal Automation Solutions, please visit: https://www.honeywellprocess.com/

About Honeywell Performance Materials and Technologies (PMT)
Honeywell PMT develops process technologies, automation solutions, advanced materials and industrial software that are transforming industries around the world. PMT’s Advanced Materials businesses manufacture a wide variety of high-performance products including environmentally preferable materials used for the production of refrigerants, blowing agents, aerosols and solvents, pharmaceutical packaging, fine chemicals, additives and high strength-fiber for military, law enforcement and industrial use. Technologies developed by Honeywell UOP (www.uop.com), a leading provider in the oil and gas sector, form the foundation for most of the world’s refiners, efficiently producing gasoline, diesel, jet fuel, petrochemicals and renewable fuels. Honeywell Process Solutions (www.honeywellprocess.com) is a pioneering provider of automation control, safety systems, field instrumentation, fuel delivery and burners, connected plant offerings, cybersecurity, tissue and packaging materials control systems, connected utility and metering solutions, and services for a wide range of industries.

About Honeywell
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.

About Royal Vopak
Royal Vopak is the world’s leading independent tank storage company. We store vital products with care. With over 400 years of history and a focus on sustainability, we ensure safe, clean and efficient storage and handling of bulk liquid products and gases for our customers. By doing so, we enable the delivery of products that are vital to our economy and daily lives, ranging from chemicals, oils, gases and LNG to biofuels and vegoils. We are determined to develop key infrastructure solutions for the world’s changing energy and feedstock systems, while simultaneously investing in digitalization and innovation. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. For more information, please visit www.vopak.com.