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BP selects Emerson’s Optimization and Performance Monitoring Technology for 3% Energy Bill Reduction

Emerson’s previous success instrumental in BP’s decision for Power Station Optimizer

Teesside, United Kingdom, February 17, 2003 - Emerson Process Management has been awarded a contract by BP to improve performance of its integrated Power Station and CHP plant on the Grangemouth site, United Kingdom. This cogeneration facility provides power to support the major BP businesses on the site- Exploration, Oil and Chemicals.

This contract forms part of BP’s automation strategy to increase plant availability and improve the economic performance at the Grangemouth site. The solution will be implemented using Emerson’s real-time on-line optimization system, AMS Suite: Real-Time Optimizer. In addition AMS Suite: Equipment Performance Monitor will be used to analyze the underlying performance of Boilers and Steam Turbines to support BP’s operational decision-making.

"BP is pleased to place this contract with Emerson, whose track record and abilities are evident from previous projects on the Grangemouth site. Again we have selected Emerson because of their value proposition that provides a solution that is the most complete and cost-effective to meet our needs”, said Gordon Grant, BP Availability Manager. “We know this project will enable us to become more efficient and responsive, and will play a key role in helping us reduce our annual energy bill by approximately 3%."

This project builds on the success experienced on this site where AMS Optimizer has been deployed to provide an online, real-time closed-loop optimizer on the G4 and KG Olefins parts of the site.

"A very productive partnership has been formed between BP and Emerson to deliver improved operating results,” said Craig Llewellyn, president of Emerson Process Management's Asset Optimization division. “Through past successful projects, BP knows they can rely on us to help them with this critical utilities optimization system.”

Emerson’s Asset Optimization offering combines services and technologies to improve availability and performance of production assets. It takes advantage of the PlantWeb® digital plant architecture to automate the flow of information on asset reliability and performance to the people who run the business.

About Emerson Process Management

Emerson Process Management, an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the refining, chemical, oil and gas, pulp & paper, power, food and beverage, pharmaceutical, and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management, and maintenance services.

About Emerson

St. Louis-based Emerson is a global leader in bringing technology and engineering together to provide innovative solutions to customers in process control; electronics and telecommunications; industrial automation; heating, ventilating and air conditioning; and appliances and tools. Sales in fiscal 2002 were $13.8 billion.

AMS, PlantWeb, Fisher, Micro Motion, Rosemount, DeltaV, Ovation are trademarks of Emerson Process Management.

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