KBC announces availability of Chevron PETRO LP technology
KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, announced the availability of Chevron’s PETRO LP (linear programming) technology for all refining and petrochemical customers. PETRO is made available under the terms of a reseller agreement between Yokogawa and Chevron.
Through this agreement with Chevron U.S.A. Inc., KBC licenses PETRO software and provides implementation services, including change management and capability development services through the application of world-class best practices and organizational alignment.
“Effective economic optimization of hydrocarbon supply chains can boost profitability by more than $40 million per year for a typical oil refinery,” stated Walt Szopiak, Vice President Downstream Technology
KBC offers PETRO as an integrated component of its Petro-SIM simulation and Visual MESA Supply Chain Scheduling (VM-SCS) portfolio.
- Petro-SIM uses rigorous chemical and physical science to accurately model refinery and petrochemical processes over a wide operating window and is used extensively for both process design and operating performance management.
- VM-SCS allows plant personnel to schedule and simulate operations on an integrated supply chain topological model, easily identifying possible imbalances between interdependent operations.
PETRO uses distributed recursive LP technology to give advice to traders on optimal bids for feedstocks; processes thousands of variables to arrive at the most valuable operations parameters and the most economic mix of products to produce, buy or sell; and provides analysis used in discussions with environmental agencies to evaluate different future regulation scenarios. Compared with conventional planning tools that use standard LP technology, PETRO excels at solving problems at a global (multi-unit) level.
In combination, Petro-SIM will act as a Digital Twin of the plant, continuously connected to real-time plant data sources in order to faithfully maintain a calibrated accurate model of the plant. From time to time it will check the linear models in
“We are delighted to be able to offer this technology from Chevron to our customers to bring new value in their molecular management and value chain optimization activities,” said Andy Howell, CEO of KBC. “The addition of
PETRO is available from KBC immediately. Interested parties may contact KBC directly or channel
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