Notwithstanding the unprecedented oil demand destruction in 2020 due to the pandemic, the refining industry is facing rapid regional and global changes which are fundamentally altering the business dynamics. This has led to lower utilization, shrinking margins and bleak prospects of an uncertain future. However, even in the midst of the doom and gloom forecasts, there may be a silver lining for refineries in the current low-utilization climate to improve their profitability. The refinery constraints due to high throughputs in the past may not exist anymore and the optimum conditions may need a fresh look.Therefore, many operational opportunities for significant margin improvement may now be available to refineries.
In this webinar, we will examine some innovative operating strategies for multi-million dollar profit improvement utilizing the high fidelity Petro-SIM® refinery-wide models, and discuss how to sustain those benefits utilizing KBC Digital Twins.