Close

Search

News and press

KBC Announces Strategic Partnership with AVGI to Help Oil Refiners Drive Profitable Petrochemical Growth

Aug 26, 2019

KBC (A Yokogawa Company) is extending its engineering simulation capabilities through a strategic partnership with AVGI, the leading source of simulation and optimization software for modeling olefin technologies. The software solution will deliver capital efficient plant design and optimization through end-to-end modeling of integrated oil refining, aromatics, and steam cracking complexes.

Petrochemical demand growth is rapidly becoming the largest driver of global oil consumption. The International Energy Agency forecasts that petrochemicals will account for more than a third of the growth in oil demand by 2030, and nearly half by 2050. Yet, most oil refineries only convert c. 5–20% of crude feedstocks into petrochemicals. This creates incentive to optimize and re-configure existing facilities, as well as invest in new capacity to meet the demand.

Using reactor simulations for a broad range of feedstocks, furnace and coil geometries, and operating conditions will optimize yield and energy. Integration and data exchange between Petro-SIM and COILSIM1D will enable integrated refinery-petrochemical complexes to maximize their profitability.

"Integration of COILSIM1D with Petro-SIM will open up a wide range of steady state, online and offline simulation opportunities," comments Andy Howell, CEO of KBC. “Integrated models supporting dynamic real-time optimization will further mitigate the risk in transitioning to more petrochemicals in the product slate."

"Through our research capabilities with Ghent University, we are continuing our extensive research into steam cracking technologies. We value this new partnership with KBC for expanding industry access to our know-how and intellectual property," said Kevin Van Geem, Managing Director of AVGI. "We know a large proportion of the oil refining industry get a lot of benefit from KBC’s Petro-SIM. Its interoperability with COILSIM1D and use in end-to-end simulation for petrochemicals will unlock even more value for them."

The COILSIM1D module will be available for use in Petro-SIM by October. To find out more please contact your local KBC sales representative or email us, and one of our experts will be in touch. Alternatively, please contact your local Yokogawa sales representative.

Share this

Related news articles

NEWS

New digital twin technology to minimize process engineering waste

Jun 10, 2020

KBC’s Petro-SIM® optimizes total cost and ownership value of process simulation models in Oil & Gas and Chemical industries.

Read full article
NEWS

KBC and OLI Systems announce predictive software solution to mitigate USD 65 billion/year corrosion and scaling problems across the oil and gas industry

Jun 3, 2020

Petro-SIM® and the OLI Alliance Engine digital twin mitigates operational risk, increases efficiency, and prevents revenue loss.

Read full article
NEWS

Rompetrol to achieve digital transformation and triple bottom line performance with KBC digital twin

Apr 30, 2020

Petro-SIM® connected digital twin to sustain margin improvements and underpin digital transformation activities.

Read full article
View all news

Get the latest updates from KBC

Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.