The suite of models will be delivered through Invensys Operations Management’s SimSci-Esscor optimization software, using its ROMeo software to enable clients to model and optimize process units.
Sudipta Bhattacharya, president and chief executive of Invensys Operations Management, said: “With depressed demand, decreased margins and increased environmental mandates, refiners no longer have the option to simply operate at maximum throughput. Over the course of the coming decade, we will see a drastic shift in the oil industry as refiners constantly optimize their operations in the face of changing feedstock and energy costs, product specs and margins.
“Refiners will increasingly rely on accurate modeling technologies to construct a refinery-wide picture and assess the financial impact of different operating scenarios. Our SimSci-Esscor optimization software and ROMeo solution, combined with EMRE process models, enables refiners to make improved economic decisions throughout the refinery, from crude feed to final product blending.”
Invensys said that its SimSci-Esscor offering provides a scalable software environment that enables companies to optimize refinery-wide performance, as well as other aspects of refinery profitability, such as utilities and instrument/equipment health monitoring.
Additional benefits are derived from leveraging the data generated by models to enhance planning and scheduling decisions, leading to increased refinery margins, the company said.
