The results
Financial benefits in the range of multimillions of dollars were generated by the new operating strategy. Savings were made on hydrogen, unit refurbishments and personnel recruitment and training.
Due to our unique simulation and consultancy capabilities, KBC was asked to conduct a technical, commercial and environmental due diligence analysis to help assess the viability of converting an existing refinery into a heavy oil upgrader.
The customer foresaw no need for major modifications. The primary challenge of the project was therefore to evaluate the need for refurbishment of existing units and to prioritize them based on capital investment required prior to start-up.
KBC set up a detailed Petro-SIM representation of the upgrader. Product routing and unit operating conditions were evaluated to optimize the on-stream factor and yields. Key decisions were taken on shutting down hydrotreaters that were not required for the upgrading operation. A tank strategy was developed to minimize the requirement for new tankage, relying as much as possible on the refurbishment of existing tanks.
Financial benefits in the range of multimillions of dollars were generated by the new operating strategy. Savings were made on hydrogen, unit refurbishments and personnel recruitment and training.
Aug 15, 2019
Europe’s refiners, through their industry organization Fuels Europe, have set out their long-term ambitions in a new program called Vision 2050. Putting this vision into practice will require Europe’s refiners to rethink and rebuild their long-term strategies, along the way transforming their organizations into modern, flexible knowledge-based enterprises. Read more in this market insight by KBC Chief Economists.
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Duncan Micklem, Strategy Director
Rising operational costs, a retiring knowledge pool and aging, inflexible infrastructure are just three of a number of threats the process industries currently face. These challenges, however, can be resolved if plants adopt an efficient Digitalization strategy. Here, Duncan Micklem, Director of Business Strategy at KBC, argues why urgent action needs to be taken and the time to Digitalize is now.
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