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SUCCESS STORY: Hyundai Oilbank Uncovers $36M USD/Year Using Aspen HYSYS
Technology Category
- Analytics & Modeling - Process Analytics
Applicable Industries
- Oil & Gas
Applicable Functions
- Process Manufacturing
Use Cases
- Process Control & Optimization
Services
- System Integration
The Challenge
Hyundai Oilbank was facing a challenge with their FCC (Fluid Catalytic Cracking) unit yield. The yield was not matching the planned yield as the plans did not consider changes in feed quality. This discrepancy was causing inefficiencies in their operations and was a potential source of financial loss. The company needed a solution that could accurately factor in feed changes and optimize operations accordingly.
About The Customer
Hyundai Oilbank is a South Korean oil company and is a subsidiary of the Hyundai Heavy Industries Group. It operates a network of refineries and service stations. The company is involved in the production and distribution of a wide range of petroleum products, including gasoline, diesel, kerosene, and heavy fuel oil. Hyundai Oilbank is a major player in the oil and gas industry and has a significant operational scale.
The Solution
To address the challenge, Hyundai Oilbank turned to advanced process simulation technology. The company updated the reactor planning model with a rigorous FCC model from Aspen HYSYS. This solution allowed Hyundai Oilbank to factor in feed changes and optimize operations accordingly. The Aspen HYSYS model provided a more accurate and comprehensive representation of the FCC operations, enabling the company to make more informed decisions and adjustments.
Operational Impact
Quantitative Benefit
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