Unlocking Profitability: KBC Petro-SIM Value Chain Optimization Manifesto

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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.

Driving Profitability and Efficiency

Businesses seeking to enhance profitability can leverage the Value Chain Optimization Manifesto to implement wise strategies, clarify industry jargon, offer practical solutions, and showcase tangible value. With a foundation of extensive hands-on experience, in collaboration with parent company Yokogawa, KBC Petro-SIM has worked closely with global leaders in the Energy and Chemical industry. The manifesto particularly focuses on sectors like upstream oil and gas, LNG, oil refining, petrochemicals, and power utilities, demonstrating how assets can achieve over USD 600 million in incremental profitability.

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Maximizing Production Efficiency with KBC Petro-SIM by Yokogawa

Improving Operating Margin

In the oil and gas industry, the key sources of value are the Return On Capital Employed (ROCE) and the ability to Maintain Your License to Operate. Through digital transformation using KBC Petro-SIM by Yokogawa, companies can boost their operating margin by increasing revenues and reducing costs for every dollar invested. This transformation also leverages advanced technologies to enhance safety measures and decrease the carbon footprint of operations.

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Digital Transformation Solutions with KBC Petro-SIM by Yokogawa

Understanding Digital Transformation

Digital transformation is a crucial aspect of modern business operations, especially in industries like energy where the challenges of energy security and sustainability continue to be at the forefront. KBC's focus on digital transformation stems from the recognition that technology plays a significant role in addressing these challenges. Beyond just the technology aspect, KBC emphasizes the importance of the transformation process itself. Adapting business models, enhancing customer interactions, and reshaping the overall customer experience are key elements that drive successful digital transformation.

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Optimizing Oil Industry Operations with KBC Petro-SIM by Yokogawa

Understanding the Impact of Wax and Asphaltene Formation

The precipitation of waxes and asphaltenes in crude oil can significantly impact operations in the oil industry. Issues can arise in upstream operations such as chokes, separators, and wellhead facilities losing performance. Additionally, fouling and hydraulic problems can occur in oil processing plants and refineries. To address these challenges, Yokogawa's KBC Petro-SIM offers a robust solution using Multiflash®, a modern thermodynamic engine. This software rigorously models waxes and asphaltenes in oil, accurately predicting the conditions favorable to the deposition of these components.

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Empowering Sustained Asset Performance Improvement with KBC Petro-SIM by Yokogawa

Foundation for Performance Improvement

KBC Value Kits, a key offering from Yokogawa, provide a standardized visualization and analytics platform that swiftly directs resources towards resolving high-value performance issues rather than getting bogged down by data issues and complex analysis. By offering quick deployment capabilities, these kits significantly reduce the time needed to achieve value compared to custom solutions commonly adopted in digital transformations. The pre-built visualizations and analytics encapsulate the expertise of seasoned subject matter experts, focusing on vital value-generating categories such as margin improvement, license to operate, and aligning improvement priorities with corporate objectives.

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Enhancing Energy Processes with KBC Petro-SIM by Yokogawa

Introduction to KBC Petro-SIM

KBC Petro-SIM, developed by Yokogawa, is a comprehensive software solution designed to optimize energy processes in the oil and gas industry. This advanced simulation platform enables engineers and operators to model, analyze, and improve the performance of complex chemical processes, ensuring operational efficiency and cost-effectiveness.

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Products-KBC Petro-SIM by Yokogawa