Global technology company Honeywell has signed a MoU with state oil giant Saudi Aramco to explore the co-development and commercialization of next-generation digital technology solutions designed to help improve productivity, sustainability and operational excellence of industrial companies, on a global scale.

　　The fully digital technology will leverage Aramco’s Plant.Digital system and its technical and domain knowledge in end-to-end plant operations, combined with Honeywell’s global software development and commercialization expertise.

　　It will be brought to market through a joint venture (JV) between the two companies that will also serve as a software system integrator to reduce time-to-value for customers, said the statement from Honeywell.

　　The digitalized Plant.Digital suite will provide industrial companies with the tools, processes and practices they need to run plant operations more effectively and will accelerate sustainable digital transformation and operational excellence initiatives across industries.

　　This dynamic entity will emphasize on the development and deployment of Operations Technology (OT) solutions and Digital Transformation consulting, it stated.