PSE Wins Hydrocarbon Processing Award for Olefins Technology
Process Systems Enterprise (PSE), the Advanced Process Modelling company, is the first winner of the newly-established Hydrocarbon Processing Best Automation & Modeling award. PSE won the award for its new CrackingMonitor virtual multisensor technology, which combines plant data and high-fidelity models of ethylene cracking furnaces to improve operation by producing accurate real-time measurements for key operational variables.
CrackingMonitor, a core component of the company’s new gPROMS Olefins suite, addresses the challenges of obtaining critical measurements and performance information in the harsh environment of a cracking furnace. Because reliable, real-time measurement of key variables is highly problematic, it is difficult to achieve fine control of production rates, resulting in lost profit. By providing better and more timely information on quantities such as ethylene and propylene yield and tube metal temperatures, CrackingMonitor enables tighter furnace control, resulting in potentially multi-million dollar annual profit improvement with no capital expenditure
CrackingMonitor utilises PSE’s unique Dynamic State Estimation technology coupled with a high-fidelity mathematical model to reconcile plant data and model predictions in order to calculate a consistent, accurate set of real-time performance metrics. It also accurately monitors coke build-up over time along the furnace coil, making it possible to optimise furnace cell operation to control coking rates.
The 2017 Hydrocarbon Processing Awards event, which honoured the downstream energy segment’s innovations as voted for by the publication’s readers, was held on the last night of the International Refining and Petrochemical Conference in Vienna, Austria.
Steve Hall, PSE’s Director of Engineering Solutions and manager of CrackingMonitor’s initial deployment on a large-scale Middle Eastern plant, says “As far as we know, this technology is the first of its kind, and has the potential to be a key component of the olefins Operational Excellence toolset in the future. It is a very practical example of applying digital technologies to improve operations”.
Mark Matzopoulos, head of PSE’s Chemicals, Petrochemicals & Refining business, adds “The underlying technology can be applied to any complex operation – for example, furnaces, catalytic reactors and spray dryers –as a means to determine KPIs in real time and calculate variables that cannot easily be measured. We are working with a number of companies in different sectors to implement virtual multisensor technology”.
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skrive dig op her og du vil løbende modtage pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
CELLTRION15.12.2017 23:15 | pressemeddelelse
Celltrion Receives Positive CHMP Opinion for Herzuma® for Trastuzumab Biosimilar
TAKEDA15.12.2017 13:36 | pressemeddelelse
Takeda and TiGenix announce that Cx601 (darvadstrocel) has received a positive CHMP opinion to treat complex perianal fistulas in Crohn’s disease
TWISPAY15.12.2017 13:23 | pressemeddelelse
Bitcoin Romania and Twispay Announce Integration Partnership Providing Users with the Ability to Purchase Bitcoin with Bank Cards
PEACE-FORUM15.12.2017 12:40 | pressemeddelelse
Upon Conclusion of the Fourth Annual Forum for Promoting Peace in Muslim Societies, Scholars and Intellectuals Visit the Louvre Abu Dhabi Museum
CA-KENNEDY-WILSON15.12.2017 12:02 | pressemeddelelse
Kennedy Wilson Acquires 124-Unit Northbank Apartments in Dublin, Ireland for €45 Million
NV-NAC-FOUNDATION15.12.2017 10:02 | pressemeddelelse
AML BitCoin Enters Phase II of ICO
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum