SME Times is powered by   
Search News
Just in:   • India needs to diversify export portfolio: Report  • Domestic airlines to fly 12,983 flights per week this winter  • New energy policy won't violate deals with US, Canada: Mexican Prez  • 'Digitisation need of the hour for logistics sector'  • KTR calls for empowering states to boost country's growth 
Last updated: 12 Jun, 2017  

PSE Wins Hydrocarbon Processing Award for Olefins Technology

Business Wire India | 12 Jun, 2017
Business Wire India

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”.







View source version on businesswire.com: http://www.businesswire.com/news/home/20170610005011/en/

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 26 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» 'Centre open to further economic stimulus'(1)
» Delay in dealing with GST refund delays(1)
» NPAs hurdle to banks' rate cut transmission(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter