Digitalization is the hype. E-commerce is changing distribution channels. Since many of these logistics service providers are active in different sectors, they gain experience with more advanced practices that they can transfer to the petrochemical supply chain. The solution enhances the refinery’s economic and environmental performance through a unified approach to the entire business process, encompassing monitoring to control of multiple process operations using multiple software applications on one platform. Not only is there awareness of the importance and impact of digitization, there is also a sense of urgency. This platform implements and leverages (if not already implemented) multiple independent applications in the plant on one platform to provide an optimised solution. Jacobs Engineering, Wood PLC, Day & Zimmermann, Air Liquide, Cheniere, LyondellBasell, Braskem, Pathfinder and The Pharma industry is facing the biggest transformation since the rise of the modern medicines in the nineteenth century and the introduction of the manufacturing automation in 1980s. Three out of four survey participants acknowledge that the petrochemical sector is lagging behind other sectors. The following case study explains how digitalisation and implementation of IIoT helped one of India’s leading refineries to deliver value and optimise processes, as well as meeting environmental standards. Petrochemical Update and Autodesk brought together a group of science, technology, engineering and project management experts to discuss and debate the role of technology in helping the construction and engineering industry rethink the future of capital projects. They may be considered as a threat for some, yet as an opportunity for other companies. In this article, we discuss two case studies from the refining and petrochemicals industry. Finally, the overall interest in 3D-printing, unmanned aerial vehicles and bionic enhancement is low in the petrochemical supply chain. • Reducing maintenance costs. IIoT enabled digital systems with advanced analytics help refiners to make improved decisions … With modern digital tools, an operator will be able to understand deeply how a facility is operating, within few seconds. What does digitization mean for the petrochemical supply chain? The benefits of such IIoT enabled tools include:
Petchem industry positioned for digital transformation Posted on Aug 25, 2017 The energy industry is lagging other sectors on the race to adopt digital technology, but increases in capital investment are pushing digital transformation now more than ever, industry analysts told Petrochemical Update. • Detection of small to large scale causes of efficiency losses
Not only do the logistics service providers show a higher level of ambition for digitization, they also have a higher level of digital capabilities, and they are further down the road to achieving their ambition. Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space. It has changed entire sectors, such as telecommunications, retail, and media and entertainment. Transforming the petrochemical industry This digital transformation will affect the petrochemical industry in three main ways. Digital technologies are used in this transformation of downstream production facilities. Key Considerations for Fuel and Petrochemical Companies Pursuing Digital Transformation. Firstly, the risk of “de-humanizing” the supply chain needs attention. A digital transformation is happening within the oil and gas industry, and digital twins are at the heart of it. About half of the participants aim to be an early adopter of digitization or even an innovator (cf. Thus, digital technology awareness and the appetite to transform is high within the EPCA membership even though overall, the petrochemical industry is perceived as lagging behind other sectors. The examples of digitization in the supply chain are numerous. Digital Transformation is a buzz word that seems to be on everyone's mind and lips these days. Now, 12 years later, the top 5 companies in the world in terms of market capitalization are data-intensive enterprises. Digitization isn't the end of the story of digital transformation as we move to industry 4.0. A plant enabled by IIoT is equipped with a combination of sensors, automation systems and cloud based technologies that are integrated with its current systems and data analytics capabilities. And, the closer to the customer, the higher is the ambition for and the achievement of digitization. The smart factory in petrochemical industry is operational excellence as the goal, through the operational management of the whole process, with a high degree of automation, digitization, visualization, modeling and integrated refining chemical factory, which is the future development direction of the petrochemical enterprises. Core refinery challenge
They change the way companies run their factories and their supply chain. Chemical companies’ business processes, including manufacturing, marketing and sales, and R&D, present opportunities for performance improvement based on data capture and interpretation. However, there is still plenty of scope for improvement. • Maintaining the effectiveness of control loops, controllers and models over time, so that the benefits of advanced process control are sustained
Interestingly, customers are even more stern; they almost unanimously report that the sector is lagging. Indian Chemical News is a media company with interests in online publishing and industry events related to the chemical and allied sectors. Proven and new technologies are introduced on the shop floor, in the warehouse, in transportation and in many other logistic activities. When you optimize your refinery shutdown utilizing technology solutions, you make every facet of your turnaround planning more efficient. However, the increased visibility of assets and goods throughout the supply chain and the improved coordination and alignment across the chain has not (yet) led to lower inventory levels and improved asset utilization for many of the participating companies (cf. What are the challenges that can impact a successful transformational journey? To strengthen the chances of success, refinery and petrochemicals companies are using digital tools that enable plants to access the benefits of the IIoT and cloud computing. The sector may be lagging… yet, there is a lot of ambition. A refinery where the option of changing feed strategy is not available may need to invest in expensive upgrading projects. . Investments are planned mainly in proven technologies. Digitalization in the chemical industry will require a clear picture of readiness, particularly the steps required to establish an accommodating culture that promotes flexibility and learning. Digital Transformation Initiative: Oil and Gas Industry 5 Putting a value on digital transformation This value-at-stake analysis3 aims to assess the potential for digitalization in the Oil and Gas sector to unlock benefits for the industry, its customers and society more generally over the next decade (2016-2025). Helium Consulting. 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