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OEM Update

Invensys' Solution to Improve Refinery Operating Margins

May 12, 2010 8:10 am

Invensys’ Solution to Improve Refinery Operating Margins
 
Refinery-wide Performance Optimization Solution is the most comprehensive refinery performance enabler in the marketplace, capable of delivering millions of dollars in savings each year.
 
Invensys Operations Management, a global provider of technology systems and software solutions to the process and manufacturing industries recently announced the release of its Refinery-wide Performance Optimization Solution. The company has leveraged and integrated multiple technologies from its solutions portfolio to deliver different aspects of real-time business operations management to the refining industry. From simple control loop performance management and rigorous unit optimization to LP vector updating for multi-unit planning optimization, customers will be able to optimize all of their refining assets and reap cost savings and margin improvements of up to 25 cents per barrel.
 
“Based on the collective feedback from the more than 50 customers who are already using the solution, as well as our own industry expertise, we believe the Refinery-wide Performance Optimization Solution is the most comprehensive refinery performance enabler in the marketplace, capable of delivering millions of dollars in savings each year,” said Don Clark, vice president, industry solutions, Invensys Operations Management. “It enables companies to quantify and understand the financial impact of their business decisions in real time and ensures that their technology does not fall into disrepair as they pursue operations excellence related to safety, the environment and asset management. With a sustainable, tuned optimizer, our customers are also able to ensure optimal refinery planning by automatically downloading updated planning model LP vectors that can further drive the profitability of their refining operations.”
 

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