Close

Search

  • /
  • /
  • KBC Supporting South Asia Refiners Address Soaring Energy Demand Growth With the PIP
News and press

KBC Supporting South Asia Refiners Address Soaring Energy Demand Growth With the PIP

Mar 7, 2019

To meet the rapid growth of energy demand in South Asia, KBC (A Yokogawa Company) today announced it has been awarded Profit Improvement Programs (PIP) for four oil refineries in the region. The PIPs, which are focused on improving techno-economic aspects of refinery operations, will deliver enhanced safety, reliability and profitability outcomes to enable organic re-investment and stronger delivery on respective refinery sustainability goals.

While global oil demand is expected to peak within the next 20 years, oil demand in the South Asia region is expected by KBC to more than double in that time frame to more than 10 million barrels per day. Consequently, the South Asiarefining industry continues to attract significant investment to boost production capacity through both new projects and the optimization of existing assets. In the last three years, KBC observes that South Asian refiners have announced investment plans in excess of US $90 billion across the sector.

"We continue to lead asset optimization campaigns across the refining industry, worldwide. This further reinforces KBC as the world leader in refinery profit improvement, having already undertaken profit improvement programs at over 50 per cent of the world's oil refineries," comments Andrew Howell, CEO of KBC. "Our PIP projects continue to assure capital efficiency for our customers by developing the necessary operational flexibility and identifying strategic investments to maintain competitiveness and deliver on their Sustainable Development Goals."

Following a competitive tender process, KBC was selected to identify and implement a series of on-site productivity and efficiency improvements across each of the refineries. Utilizing its global resource base and market-leading simulation and optimization technology, KBC expects to deliver collective customer financial benefits of over US $150 million per annum.

Share this

Related news articles

NEWS

KBC establishes Energy and Sustainability Co-Pilot hub in Singapore

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.

Read full article
NEWS

KBC announces availability of Chevron PETRO LP technology

Sep 4, 2018

The combination of PETRO with KBC’s world-class rigorous simulation and supply chain management technologies and services brings a new dimension to molecular management and value chain optimization for oil refinery and petrochemical operations planning.

Read full article
NEWS

KBC announces a strategic partnership with leading performance benchmarking firm, Phillip Townsend Associates, Inc.

Apr 12, 2018

The partnership brings together two leaders in the Energy and Chemical industry to help customers achieve performance gap closure faster in a more sustainable manner.

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.