Helium Consulting. CHRISTOPHER JOSEPH and JOHNSON DOMINIC The global chemical industry can benefit from About half of the participants admit being still in the starting mode. The sector may be lagging… yet, there is a lot of ambition. Key Considerations for Fuel and Petrochemical Companies Pursuing Digital Transformation. Advertising Opportunities Print, Digital & Content Solutions. Jacobs Engineering, Wood PLC, Day & Zimmermann, Air Liquide, Cheniere, LyondellBasell, Braskem, Pathfinder and When you optimize your refinery shutdown utilizing technology solutions, you make every facet of your turnaround planning more efficient. These form the backbone of automated data collection systems, process simulation modelling and scheduling. There is little enthusiasm for investments in augmented reality, blockchain and self-driving vehicles, which is in line with the low impact that is expected from these technologies. We keep you posted - Subscribe to the CHEManager International newsletter here! Download (PDF / 0.56MB) New business models will arise, in manufacturing as well as logistics. Investments are planned mainly in proven technologies. •    Reducing maintenance costs. 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. The solution provides a seamless stream of actionable insights, which enables sulphur operations in the refinery to inspect their process analyses for optimisation and early diagnosis of issues to prevent costly hidden upsets. And how can digitization create value in the supply chain of the petrochemical sector, from the upstream refineries, to the downstream traders, distributors and customers of the chemical companies? Logistics service providers are investing in end-to-end visibility across the chain. How could digital transformation improve plant reliability and integrity in the Petrochemical Industry? Core refinery challenge An approach to such a challenge is to combine a business process for the sulphur system and create a digital platform for decision making based on sulphur processes. But it is a critical start. Much of this sulphur content is converted through hydrotreating into hydrogen sulphide in refining and other conversion facilities. Chemical companies’ business processes, including manufacturing, marketing and sales, and R&D, present opportunities for performance improvement based on data capture and interpretation. 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. READ MORE. In a recent AFPM webinar Bruce Taylor, director of digital transformation at Sinclair Oil and Chair of AFPM’s OPCAT Committee, described digital transformation … At present, it is almost impossible to find a refining or petrochemical company that has not announced its plans to introduce digital solutions at its plants. Nearly 240 managers and experts in the petrochemical supply chain participated. With modern digital tools, an operator will be able to understand deeply how a facility is operating, within few seconds. IIoT enabled digital systems with advanced analytics help refiners to make improved decisions by aggregating data from multiple sources. They almost unanimously report that digitization will have a significant impact on their internal processes and their supply chain. This helps to convert a mountain of data into actionable information and translate that actionable information into decisions, leading to real, day to day plant improvements. 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). Refiners are increasingly exploring digital tools that take advantage of the emerging Industrial Internet of Things (IIoT), as well as advanced software for data analysis that can optimise process operations and reduce downtime. •    Decision making support and improved operation through continuous monitoring and by providing instant access to information Pressure is also coming from newcomers in the sector: start-up companies launching new solutions, the so-called “GAFA” companies, or existing companies from other sectors entering the petrochemical sector. figure 2). There is a need for investment in developing these capabilities. 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. Click here for more information. The future of work is increasing digital, and nowhere is that more evident than in manufacturing. The growth of the market for petrochemicals will be driven by rising demand for downstream products from end-use industries and capacity additions in the base chemical industry. But we have to take the first step and put down our pens. There is a bit more hesitation in the petrochemical industry on the technologies with medium to longer-term impact: “Maybe” is the typical answer participants gave when asked about plans for investment in the next 3 years on IoT, control tower solutions, robotics and automation, social media and self-learning systems. 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. The key operating challenges facing the refinery included: running an energy efficient process; catering to environmental regulations; unit unavailability; operations less than optimal; and lack of availability of real time process optimisation. Crambeth Allen Publishing Ltd, Multi-element and total S process analyzers, Hydrotreating and hydrocracking catalysts, Advanced sulphur analysis in hydrocarbons, Instrumentation, Automation and Process Control. 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. These economics based decisions use continuous comparisons between designed and actual performance. All Rights Reserved. industries and sectors embrace digitization in areas ranging from business processes to customer relationship management, digital transformation is becoming a smart business objective beyond just improving the core of the business. •    Detection of small to large scale causes of efficiency losses Proven and new technologies are introduced on the shop floor, in the warehouse, in transportation and in many other logistic activities. •    Improved monitoring of energy use to increase operating efficiency var CurrentYear = new Date().getFullYear() They change the way companies run their factories and their supply chain. Investments in technologies bring along some challenges that need to be managed. 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. 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. The LyondellBasell announcement arrived just two days after the collapse of a $17.4 billion joint venture between Dow Chemical and Kuwait’s Petrochemical Industries Co. The project faced several key challenges. That said, digitization does pay off. Beyond digitization (converting analog information to digital) and digitalization (the technology-driven shift to business processes) lies digital transformation. As in many other sectors, digitization is taking place at a fast pace in the petrochemical sector. Finally, the overall interest in 3D-printing, unmanned aerial vehicles and bionic enhancement is low in the petrochemical supply chain. A process simulation model was also developed for the sulphur system. What does digital transformation mean for the Petrochemical Industry? The pressure to digitize is mainly coming from the market and from outside the petrochemical industry. Digital Transformation is a buzz word that seems to be on everyone's mind and lips these days. Case Study I: The journey to digitalisation Mboss is a proprietary software platform written especially for sulphur systems in the refining, petrochemicals and gas industries. Copyright © The global petrochemicals market size was predicted at USD 441.0 billion in 2019 and is anticipated to witness a CAGR of 5.0% over the forecast period. The “number one priority” should go to attracting and developing digital talent, although it is fair to say that effort is also needed on all other aspects – digital strategy, governance, processes, culture and technology – of capabilities for digital transformation. The results of the research study are discussed in the recently published report “Digitisation in the Petrochemical Supply Chain”. Phased implementation of the system was planned for the refinery. Digitization isn't the end of the story of digital transformation as we move to industry 4.0. •    Maintaining the effectiveness of control loops, controllers and models over time, so that the benefits of advanced process control are sustained Transforming the petrochemical industry This digital transformation will affect the petrochemical industry in three main ways. Learn more about TruQC’s success in the petrochemical industry. Once processes are digitized, then additional technologies like machine learning, AI, IIoT, digital twins, and a comprehensive, complete product lifecycle can emerge. Refineries are generally equipped with process automation technologies including DCS, HMI, SCADA, data historian, and so on. Digitalization issues were discussed at Asia Downstream Week 2018, which was organized by Euro Petroleum Consultants (EPC) and held in Bangkok 9-11 October. If and when investments in these technologies will be seen, it will most likely be in niche applications in the supply chain. Digital provides the means to unlock a new level of productivity enhancement. The refinery in question decided to implement Helium Consulting’s sulphur specific IIoT offering, Mboss, to help plan and execute optimisation, followed by monitoring and control through detailed analysis, expedited corrective actions and use of automated algorithms in real time. 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