London, UK, and Houston, TX (PRWEB) February 1, 2006
KBC Process Technology Ltd. (KBC) announces the recent agreement to license Petro-SIM®, KBC’s refinery-wide process simulation software to COSMO Oil Company Ltd of Japan.
COSMO plans to use Petro-SIM FCC, and associated models for use at the head office and its four refineries to monitor and optimize operations and generate LP data. Comprehensive models of all four refineries including crude and vacuum distillation, reforming, hydrotreating, fluid catalytic cracking and residue hydrodesulphurisation units are being built.
The sale of this industry leading software is made as part of the technology transfer included within the comprehensive Profit Improvement Partnership (PIP) that KBC has successfully run with Cosmo Oil Company Ltd at these sites.
Petro-SIM allows process engineers to model all of their refinery assets allowing them to optimize, analyze and evaluate complex refinery interactions. Petro-SIM can be used to determine the impact of different feedstocks and operating targets, monitor process performance, conduct investment studies, or update a Linear Program (LP) model. KBC’s Profimatics® distillation, catalytic cracking, reforming, visbreaking, alkylation, hydrotreating, hydrocracking, and delayed coking models, as well as KBC’s proprietary furnace model and product blending technology form the comprehensive, refinery-wide package of Petro-SIM.
About COSMO Oil Company Ltd.:
COSMO Oil Company Ltd. is Japan's #4 oil refiner and a major petroleum distributor. Formed in 1986, Cosmo Oil has four refineries and markets its products through a network of 318 dealers and more than 4,700 Cosmo gas stations. The company imports crude oil from the Middle East and has affiliates in Singapore, China, the U.A.E, the UK, and the US.
KBC Advanced Technologies plc, a leading independent Oil & Energy Industry process engineering consultancy, delivers improved operating performance to owners and operators in the oil refining, petrochemical and other process industries worldwide. KBC provides process consulting, strategic planning advice, petroleum and petrochemical price forecasting, economic studies, and capital project services to help clients find the most cost- effective way to achieve their short- and long-term objectives. KBC analyzes plant operations and management systems, recommends changes for material and measurable improvements in profitability, and provides implementation services and solutions to assist clients in realizing these improvements. In carrying out this work, KBC makes extensive use of Petro-SIM, its proprietary refinery-wide simulation and process modeling technology. Formed in 1979, KBC has principal offices in the UK, USA, Singapore, Japan, Russia, and the Netherlands. For more information, visit http://www.kbcat.com.
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Tel: +65 6735 5488
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