Invensys signs licensing agreement with EMRE
22 March 2010
Invensys and ExxonMobil Research (EMRE) have joined forces in a deal that will allow Invensys to sub-license a suite of EMRE’s refinery process models to third parties. The suite of models will be delivered through Invensys Operations software using is ROMeo solution to enable clients to model and optimise process units.
"With depressed demand, decreased margins and increased environmental mandates, refiners no longer have the option to simply operate at maximum throughput," said Sudipta Bhattacharya, president and chief executive of Invensys Operations Management. "Over the course of the coming decade, we will see a drastic shift in the oil industry as refiners constantly optimise their operations in the face of changing feedstock and energy costs, product specs and margins. Refiners will increasingly rely on accurate modelling technologies to construct a refinery-wide picture and assess the financial impact of different operating scenarios. Our SimSci-Esscor optimisation software and ROMeo solution, combined with EMRE process models, enables refiners to make improved economic decisions throughout the refinery, from crude feed to final product blending."
Invensys Operations Management's SimSci-Esscor solution provides a scalable software environment that enables companies to optimise refinery-wide performance, as well as other aspects of refinery profitability, such as utilities and instrument/equipment health monitoring.
"These modeling improvements allow refiners to better optimise their operations," said Charles Darnell, global manager for optimisation at ExxonMobil Research and Engineering Company. "We use ROMeo technology in our plants for multiple applications and continue to work with Invensys to develop improvements in this technology."
For more information about refinery optimisation solutions from Invensys Operations Management, please visit iom.invensys.com/optimization.
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