February 2018

Process Optimization

Aggressive optimization programs are critical for the survival of marginal refiners

The global refining industry is constantly evolving and responding to new crude supplies and sources, more stringent fuel/product specifications, perpetually changing demand patterns and other global and regional trends. Increased competition from large, efficient refineries is forcing small- to mid-sized refiners to rethink their strategies to remain competitive.

Micklem, D., KBC, a Yokogawa Company

The global refining industry is constantly evolving and responding to new crude supplies and sources, more stringent fuel/product specifications, perpetually changing demand patterns and other global and regional trends. Increased competition from large, efficient refineries is forcing small- to mid-sized refiners to rethink their strategies to remain competitive. Aggressive optimization programs are a very attractive strategy. Marginal refiners can use advanced simulation models and software to secure returns demanded by their stakeholders. These tools and methods are low-risk approaches to value creation. With an appropriate understanding of where and how to optimize assets, these benefit

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