Maximizing Economics of Renewable Diesel Production with KBC Petro-SIM Simulation Model

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Maximizing Economics of Renewable Diesel Production with KBC Petro-SIM Simulation Model

Renewable Diesel Production in Response to Carbon Emissions Reduction

In the quest to mitigate carbon emissions, governments worldwide, especially in the US and Europe, are implementing policies and offering financial incentives to promote the use of renewable fuels. This shift has led to a growing demand for renewable diesel produced through the hydrotreating of animal fats and vegetable oils. The emergence of renewable diesel as a viable alternative to fossil diesel is evident in the over 20 projects in various developmental stages in the US alone.

Compliance and Renewable Volume Obligation (RVO)

Refining companies are mandated to meet their Renewable Volume Obligation (RVO) as stipulated by various US Federal and State policies. Failure to produce renewable fuels requires them to purchase renewable fuel credits from manufacturers. The current prices of these credits are at a historical high and are projected to remain elevated due to ambitious targets for replacing fossil fuels with renewables. The purchase of these credits can significantly impact a refiner’s margin.

Enhancing Refinery Operations with KBC Petro-SIM

The webinar offers insights on leveraging a renewable diesel model integrated into KBC Petro-SIM to assess the consequences of processing different bio feedstocks in the refinery, whether via co-processing or dedicated methods. By utilizing this simulation tool, refining companies can optimize their operations, maximize efficiency, and align with renewable fuel requirements to enhance profitability and sustainability.

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Revolutionizing Energy Transition with KBC Petro-SIM by Yokogawa

Scope 3 Emissions Reduction - A Key Challenge

Tackling Scope 3 emissions is a critical challenge in today's energy transition landscape. Shifting towards energy sources that do not rely on the exothermic oxidation of fossil carbon necessitates a complete revamp of feedstocks, products, and value chains. The demand for alternative products like hydrogen, ammonia, sustainable aviation fuels, and renewable diesel is growing, and the technology behind them is well-established. However, a crucial question remains - where will the feedstocks come from to support this transformation?

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Empowering Autonomous Operations with KBC Petro-SIM by Yokogawa

Introduction to Autonomous Operations

In today's industrial landscape, asset owners and operators face the challenge of ensuring no safety incidents, minimizing unplanned outages, adhering rigorously to operating plans, responding effectively to changes and disturbances, fostering a motivated and informed workforce, and cultivating a culture of profitability. Industrial automation is instrumental in attaining these goals, but true operational excellence lies in achieving autonomous operations. Autonomous operations empower plants to operate, learn, adapt, and flourish in the ever-evolving business environment. This necessitates the agile synchronization of production with market demand, while also maintaining the flexibility to adjust operations swiftly to capitalize on market opportunities.

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Revolutionizing Operations with KBC Petro-SIM by Yokogawa

Driving Digital Transformation in Operations

KBC Petro-SIM by Yokogawa is a cutting-edge solution that revolutionizes operations in the energy sector. By leveraging the combined expertise of Yokogawa and KBC, this total solution provider sits at the intersection of asset operating model design, digital solutions, and new work processes. Through collaboration and co-innovation, KBC and Yokogawa bring a holistic set of solutions and capabilities to enable digital transformation.

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Unlocking Operational Excellence: KBC Petro-SIM by Yokogawa Digitalization Manifesto

Empowering Plant Performance with Digitalization

KBC Petro-SIM by Yokogawa offers a cutting-edge solution that enables plants to manage day-to-day performance safely and reliably. By embracing digitalization, plants can effectively respond to market dynamics, operate at optimal levels, and bridge the gap between potential and realized profitability. This transformative technology opens up a world of opportunities by extending problem-solving capabilities beyond the plant's boundaries. It allows engaging with key partners, customers, and suppliers to leverage their expertise and experience, enhancing the plant's capabilities and resources.

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Unlocking Profitability: KBC Petro-SIM Value Chain Optimization Manifesto

Maximizing Return on Capital Employed

Value chain optimization plays a crucial role in determining the profitability of assets, aiming to maximize return on capital employed (ROCE) efficiently. This involves agile optimization of fluids, feedstocks, and other inputs with products and operations to align with market demand and prices. The Value Chain Optimization Manifesto, presented by KBC Petro-SIM, delves into solving this challenge at scale.

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