KBC to boost triple bottom line performance of Middle East oil refineries

To combat imminent global economic headwinds, KBC (A Yokogawa Company) announces it has been awarded Profit Improvement Programs (PIP) for three oil refineries in the Gulf Cooperation Council (GCC) region. The PIPs, which are focused on improving techno-economic aspects of refinery operations, will deliver improved safety, reliability and profitability outcomes that enhance triple bottom line performance.

The World Bank projects global economic growth to soften in 2019 to 2.9 percent; a 10-year low. This is based on forecast weakening of international trade and manufacturing activity, elevated trade tensions, and substantial financial market pressures (being experienced) in some large emerging markets. Therefore, Middle Eastern refineries are embarking on value chain optimization efforts to increase asset productivity and associated supply chain efficiency, thereby boosting resilience to market volatility.

Via the PIP, KBC will identify and implement a series of on-site productivity and efficiency improvements across each of the refineries focusing on capacity utilization, molecular management, yield improvement, corrosion and fouling mitigation and energy efficiency.

“Our observation is that global forecasts for refined products are being revised down, especially gasoil / diesel, gasoline and fuel oil cracks,” explains Andrew Howell, CEO of KBC. “KBC’s PIP campaigns are vital for assuring capital efficiency by developing the necessary operational flexibility and identifying strategic investments so that return on capital employed targets can be easily and routinely exceeded.”

Sponsor:

KBC (A Yokogawa Company)

News Category:

Company News

Other News Items

KBC launches Visual MESA Energy Management System 7.2 for superior energy and emissions management

KBC (A Yokogawa Company) announces the launch of Visual MESA® Energy Management System 7.2 (EMS), a comprehensive energy digital twin suite designed to meet the developing ...

24-09-2024
KBC acquires software provider specializing in flare system designs Flaretot

KBC (A Yokogawa Company) announces its acquisition of Flaretot® Limited, a leading simulation software provider specializing in the design and evaluation of flare systems ...

17-09-2024
KBC Launches Multiflash 7.5 software

KBC (A Yokogawa Company) announces the release of Multiflash® 7.5, the latest version of its comprehensive PVT modeling and physical properties software. This updated ...

07-08-2024
KBC releases Acuity™ Process Twin Pro

KBC (a Yokogawa Company) announces the release of KBC AcuityTM Process Twin Pro, a web-based software as a service (SaaS) application. This AI-powered application leverages ...

10-07-2024
Petro-SIM 7.5 simulation software redefines the hydrocarbon value chain

KBC (A Yokogawa Company) announces the launch of Petro-SIM® 7.5 process simulation software. This digital twin platform supports diverse needs across the hydrocarbon ...

30-05-2024
KBC (A Yokogawa Company) announces it has been accredited with the Cyber Essentials Plus certification

The Cyber Essentials Scheme is a UK government-backed security standard, which identifies the security controls an organization must have in place within their IT systems. The ...

23-01-2024
Petro-SIM 7.4 software to streamline hydrocarbon processes

KBC (A Yokogawa Company) announces the launch of Petro-SIM® 7.4 simulation software for the oil and gas, renewables, and process industries. With its versatility, this ...

27-09-2023
KBC launches Multiflash 7.4 software

KBC (A Yokogawa Company) announces the launch of Multiflash® 7.4, a comprehensive PVT modeling and physical properties software. It benefits the diverse needs of flow ...

07-08-2023
Visual MESA® greenhouse gas emissions management software from KBC

KBC (A Yokogawa Company) announces the launch of a revolutionary emissions management solution, Visual MESA® Greenhouse Gas Emissions Management for industrial process ...

08-06-2023
KBC has been accredited with the Cyber Essentials Plus certification

The Cyber Essentials Scheme is a UK government-backed security standard, which identifies the security controls an organization must have in place within their IT systems. The ...

19-01-2023