KBC (A Yokogawa Company) announced the launch of Petro-SIM® 7.5 process simulation software. The digital twin platform supports diverse needs across the hydrocarbon value chain, from upstream to downstream and petrochemicals and from design to operations. Operators face challenges in maintaining stability and efficiency of industrial operations due to feed property fluctuations, volatile prices, and uncontrollable disturbances.
The version introduces a Real-Time Optimization (RTO) solution that optimizes production, energy use, emissions reduction, profitability, safety, and reliability. It supports maximizing asset performance and sustainability building upon existing resources to optimize decarbonization efforts and return on investment (ROI).
Bradley Ford, global process optimization solution leader of technology at KBC said, “Advanced process control systems are effective at managing fluctuations, but they fall short in delivering holistic optimization.”
As per the press release, KBC’s analysis shows many RTO systems rely on complex and only partly integrated subsystems. This level of complexity, combined with a shortage of expert resources, often causes low service factor due to maintenance challenges.
The Petro-SIM 7.5 simulator with RTO enabled can leverage non-technical skills for long-term maintainability to maximize the software’s benefits. “With KBC’s expertise, operational efficiency and environmental responsibility are prioritized and report a potential ROI of 300% and a payback period of up to six months,” added Ford.
