December 2008

Process Control/Information Systems

Align HPI operations to economics

Clifftent optimizes risky tradeoffs at limits

Latour, P. R., Clifftent Inc.

Oil refinery and petrochemical plant operating targets should be aligned directly with economics to maximize profit rate in real time. Best operation is always near properly set limits. The 1996 performance measure method1,2 for process control and information technology (IT) that associates a profit tradeoff with each controlled variable and key performance indicator (CV/KPI) distribution allows hydrocarbon process industry (HPI) operators who know the financial consequences of violating limits to rigorously align risky operating conditions to economics, generating profit >2 $/bbl crude refined. The risk optimization method, application areas, accurate data value, requirements, cash flow

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