Close

Search

News and press

KBC to boost triple bottom line performance of Middle East oil refineries

Jul 8, 2019

Three oil refineries to benefit from enhanced resilience from KBC’s Profit Improvement Program® amid growing risk of oil demand under-performance

To combat imminent global economic headwinds, KBC (A Yokogawa Company) announces it has been awarded Profit Improvement Programs (PIP) for three oil refineries in the Gulf Cooperation Council (GCC) region. The PIPs, which are focused on improving techno-economic aspects of refinery operations, will deliver improved safety, reliability and profitability outcomes that enhance triple bottom line performance.

The World Bank projects global economic growth to soften in 2019 to 2.9 percent; a 10-year low. This is based on forecast weakening of international trade and manufacturing activity, elevated trade tensions, and substantial financial market pressures (being experienced) in some large emerging markets. Therefore, Middle Eastern refineries are embarking on value chain optimization efforts to increase asset productivity and associated supply chain efficiency, thereby boosting resilience to market volatility.

Via the PIP, KBC will identify and implement a series of on-site productivity and efficiency improvements across each of the refineries focusing on capacity utilization, molecular management, yield improvement, corrosion and fouling mitigation and energy efficiency.

"Our observation is that global forecasts for refined products are being revised down, especially gasoil / diesel, gasoline and fuel oil cracks," explains Andrew Howell, CEO of KBC. "KBC’s PIP campaigns are vital for assuring capital efficiency by developing the necessary operational flexibility and identifying strategic investments so that return on capital employed targets can be easily and routinely exceeded."

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.