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Big data impact: Refinery dynamics can change every day
Aug 20: Big data is changing the way product slates and crude mixes are going to work on refinery dynamics.
8The data landscape has changed so much that a schedule can be produced on a daily or shift basis (mainly around blending and batch or semi-continuous processes) to capture changes in market demand.
8These decisions can feed into a dynamic optimization model which in turn determine optimal operating conditions for equipment using up-to-date information.
8Initial research conducted with models to predict the performance of crude distillation units reveals above par accuracy, which holds promise for significant improvements in overall margins.
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