July 2018

Special Focus: Refinery of the future

Digitalization for the refinery and plant of the future

Hydrocarbon Processing Industry (HPI) companies are using digitalization in concert with improved processes and skills to squeeze more productivity from existing assets.

Agnihotri, R., IBM Corp.

Hydrocarbon Processing Industry (HPI) companies are using digitalization in concert with improved processes and skills to squeeze more productivity from existing assets. Low oil prices have been one of the drivers1 for companies to invest in analytics, deploy automation more quickly, move information technology (IT) to the cloud and invest in big data. The same low oil prices have spawned many downstream greenfield projects. However, with the onset of Industry 4.0, owners of capital projects want to build plants that will not become technologically obsolete in the 4 yr–5 yr it takes to design and build them. Existing brownfield sites seek to use digitalization to promote HPI-leading perfor

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