From the left, Lucian Boldea, CEO of Honeywell IA, and Yoonhong Heo, CEO of GS Engineering & Construction, are signing a business agreement and taking a commemorative photo. GS Engineering & Construction
GS Engineering & Construction announced on May 28 that it has signed a memorandum of understanding (MOU) with Honeywell of the United States to promote digital transformation in its plant business and to create opportunities in the eco-friendly energy business sector.
Through this agreement, GS Engineering & Construction and Honeywell will jointly pursue technological collaboration aimed at the digital transformation of plant operations, as well as reducing carbon emissions and maximizing energy efficiency.
The two companies will cooperate in the following areas: reviewing the application of Honeywell UOP technology, which Honeywell holds usage rights for, at the initial project stage for energy transition and decarbonization technologies; conducting research on energy optimization and carbon reduction technologies; collaborating on the digitalization of plant operations using artificial intelligence (AI) technology; and sharing opportunities for collaboration on individual projects through regular meetings.
Honeywell is a global company that provides smart technologies across various sectors, including industrial automation, energy, and aerospace. In Korea, it offers solutions for sustainable growth and digital transformation, focusing on the semiconductor, energy, and smart building industries.
Meanwhile, in last year's organizational restructuring, GS Engineering & Construction integrated its power generation, environment, and renewable energy business units into the Plant Division and is actively participating in renewable and eco-friendly energy projects.
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