READ MORE. •    Decision making support and improved operation through continuous monitoring and by providing instant access to information Download (PDF / 0.56MB) The solution enhances the refinery’s economic and environmental performance through a unified approach to the entire business process, encompassing monitoring to control of multiple process operations using multiple software applications on one platform. It provides an environment for an integrated sulphur management system using a ‘sulphur rich’ dashboard with refinery and petrochemical specific KPIs, and a high speed integration platform aligned with high frequency data from DCS, APC and other automation technologies. Secondly, the more we use information and communication technologies in the supply chain, the more we rely on these systems for our day-to-day operations, and the more we must manage the risk of hacking, system failures and temporary black-outs. Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space. The benefits of such IIoT enabled tools include: A process simulation model was also developed for the sulphur system. The majority of the participants in the EPCA study report an increase in efficiency and productivity, as well as an improvement of customer service. All Rights Reserved. As with any major initiative, digital transformation in chemicals is likely to be challenging. 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. The primary objective of the solution is to optimise the sulphur recovery circuit and find the best operating parameters to enhance performance while minimising cost and bottlenecks. Chemical companies’ business processes, including manufacturing, marketing and sales, and R&D, present opportunities for performance improvement based on data capture and interpretation. Digitization casts a wide net of applicable industries that it could benefit. Logistics service providers are investing in end-to-end visibility across the chain. 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. 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. 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. The petrochemical industry has ridden high on emerging-market demand growth since the start of the century, just like producers of metals and other commodities. Digital transformation in the chemical industry (in German) Digital transformation in the chemical industry KPMG in Germany recently launched a ground-breaking study on digital transformation within the chemical industry, together with the market research institute, TNS Emnid where they interviewed 75 senior chemical industry executives. According to a Gartner survey of businesses around the world across 15 industries, 47% of CEOs are being challenged by their board of directors to make progress in digital business, and 56% said that their digital improvements have already improved profits. E-commerce is changing distribution channels. In particular, they expect that it will have an important impact on the information flow (ordering, planning and control) and the financial flow (accounting, invoicing, payment), less so on the physical flow of products (cf. A value focused approach is taken to leverage IIoT implementation and make refiners more profitable. As in many other sectors, digitization is taking place at a fast pace in the petrochemical sector. The research study shows that managers in the petrochemical supply chain are well aware of the impact of digitization. Automation and augmented reality are changing the processes in warehouses and transportation. Previously, cost effective data generation was not available to enable use of technologies such as pattern recognition and analytics to guide actions based on generated data. Digitization isn't the end of the story of digital transformation as we move to industry 4.0. The solution focuses on optimisation of sulphur removal using analytics based on data from the sulphur circuit. 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. Digital Transformation is a buzz word that seems to be on everyone's mind and lips these days. 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. •    Maintaining the effectiveness of control loops, controllers and models over time, so that the benefits of advanced process control are sustained •    Improved monitoring of energy use to increase operating efficiency They may be considered as a threat for some, yet as an opportunity for other companies. However, the increased visibility of assets and goods throughout the supply chain and the improved coordination and alignment across the chain has not (yet) led to lower inventory levels and improved asset utilization for many of the participating companies (cf. A digital transformation is happening within the oil and gas industry, and digital twins are at the heart of it. figure 2). Digitalization is the hype. Interestingly, customers are even more stern; they almost unanimously report that the sector is lagging. Sulphur is present in crude oil and in natural gas in multiple forms including mercaptans. Half of the participants in the research report that it will even change the way they do business. In a diversified industry that delivers products to virtually every other sector, customer service has a large impact on growth and operations. 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. Learn more about TruQC’s success in the petrochemical industry. 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 twins provide the means for successful digital advancement by breaking down previously inaccessible data silos and granting access to shared information in a common view that improves decision-making. This website uses cookies to optimise your user experience. 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. Digitization in the Petrochemical Supply Chain (c) cono0430Shutterstock, Caroline Ciuciu, EPCA “Digital technology awareness is high even though overall the petrochemical industry is perceived as lagging behind other sectors.”, Ann Vereecke, Vlerick Business School “The pressure to digitize is mainly coming from the market and from outside the petrochemical industry.”, European Petrochemical Association (EPCA), Brenntag Schweizerhall Teaming with Bayer CropScience and Swiss Infrapark Baselland, Brenntag, AkzoNobel Partner in Ecosel BioCare, Myriant Signs Distribution Agreement with BCD Chemie, Arkema Launches Specialty Polyamides MED Grades for Medical Market. Throughout the facility for online analysis control was carried out for the sulphur recovery converts... To make improved decisions by aggregating data from multiple sources the logistics service providers this also results in increased.. 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