Koch-Glitsch and EFT Analytics have announced a partnership to provide service process engineering and data analytics solutions to enhance operations for refineries and petrochemical plants.
The companies hope that their work can be used to understand critical operating parameters in order to improve plant procedures and reduce downtime.
The analytics solutions combine statistical models and real-time data, giving operators greater understanding of plant operations. It is anticipated the solutions, along with Koch-Glitsch’s process knowledge, will deliver pre-event warnings, identify tower bottlenecks, optimise heat exchanger performance, increase reactor yield, eliminate flaring events and reduce outages.
“At the core of Koch’s principles, we are focused on operational and environmental excellence and eliminating waste to create superior value to our customers and society,” said Massimo Bizzi, Koch-Glitsch President and Chief Operating Officer. “One form of waste in chemical plant and refinery operations is downtime, which is among the biggest challenges our customers face. Combining the approach of traditional process engineering expertise with state-of-the-art advanced data analytic solutions — which are possible with our partnership — we can help our customers improve their operational, environmental and ultimately financial results.”
“The bottom line is this partnership brings innovative new solutions to industries facing significant challenges,” said Josh Oeding, EFT Analytics Vice President of marketing and strategy. “Pairing Koch-Glitsch’s industry leading experience with our technology provides refiners and chemical plant operators around the world with the tools to predict and prevent issues that impact worker safety, environmental performance and the company’s bottom line.”
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/05012018/koch-glitsch-partners-with-eft-analytics/