Invensys and ExxonMobil sign licensing agreement

Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries, has announced that it has entered into an agreement with ExxonMobil Research and Engineering Company (EMRE) that allows Invensys to sublicense a suite of EMRE’s refinery process models to third parties. The suite of models will be delivered through Invensys Operations Management’s SimSci-Esscor® optimisation software, using its ROMeo® solution to enable clients to model and optimise process units.

Comments on the deal
‘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.’

While traditional modelling solutions can only simulate individual process units or provide point solutions to solve a specific problem, 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. Additional benefits are derived for leveraging the data generated by rigorous models to enhance planning and scheduling decisions, leading to increased refinery margins.

‘These modelling improvements allow refiners to better optimise their options,’ 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.’

Invensys press release

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/25032010/invensys-and-exxonmobil-sign-licensing-agreement/