KBC was selected by a South Indian refinery and petrochemical complex to undertake a Profit Improvement Program (PIP) and identify and implement quick wins within a very short timescale.
The client was looking for quick win opportunities that did not require investment so went out with a profit improvement tender. CAPEX type investment projects would take too long to implement and realized benefits would potentially be diluted due to the continuous dynamic nature of the refining business.
The scope of work included very complex site operations and a challenging deadline of 5 months to flowsheet the entire plant and deliver the final study before penalties kicked in. We undertook a very detailed screening of opportunities to ensure we focused on strong opportunities that were practically possible to implement. Combining consultants with both field expertise and simulation technology knowledge ensured we were able to complete the project quickly within one year including implementation of opportunities. We provided the customer with Petro-SIM software allowing them to evaluate our recommendations and calculations in order to build confidence in our proposals.
We delivered the project on time and exceeded the customers’ expectations by implementing sustainable benefits which achieved 48 cents per barrel with a further 20 cents per barrel easily achievable for the client to implement with their internal expertise.
WHITEPAPER
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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NEWS
Oct 22, 2018
The hub will reduce energy costs and emissions of Singapore-based companies by 10 per cent through delivery of energy management and optimization solutions and next generation analytics via the Cloud.
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BLOG
Nov 6, 2018
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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