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Imubit’s Optimizing Brain™ is enabling refiners and petrochemical manufacturers to accelerate decarbonization goals. By Allison Buenemann, Imubit Product Marketing Manager We just wrapped up an exciting week at Euro Petroleum Consultants’ Energy & Sustainability Forum in Madrid. Imubit Economic Engineer Dennis Rohe delivered a session focused on the role of AI optimization technologies in accelerating […]

Recently, some of the world’s largest refiners and petrochemical producers gathered in Houston to discuss the latest advancements in AI process optimization. Engineers and executives from Chevron, HF Sinclair, Big West Oil, CVR Energy, and others shared real-world results of using the Imubit Optimizing Brain™ approach to achieve a 15-30% reduction in energy usage…

At the heart of the energy industry’s most significant challenges lies complexity, testing plants’ ability to digitally transform and achieve sustainability goals. This complexity contributes to the perception among next-generation talent that the industry is undesirable and dangerous to enter…

Executive Summary Over the past two years, the combination of the coronavirus pandemic and a pre-existing push for a shift to renewables has drastically changed the refining economic environment. Specifically, from 2019 to 2022 we have seen: Reduction in operable refining capacity (~1,040k bpd or 5.5%) The return of fuels demand to comparable or higher […]

With tight natural gas supplies globally, expect to see energy and carbon optimization become more significant in plant optimization After taking a month’s holiday from the blog, we are back this month with what has probably been the biggest change in the market – natural gas. It would appear that the age of cheap energy […]

Energy Transition accelerated in EU and USA by Covid-19 resulting in peak Mogas demand, other regions to keep oil demand growing for some time In this month’s economic engineering update, we zoom out for a look at the global supply and demand environment for oil, transportation fuels, and petrochemical feedstocks. The Covid-19 pandemic caused a […]

Transforming Safety Culture from a Program to an Organizational Principle In today’s ever-changing downstream landscape, both operators and service providers are facing a number of varying factors, from feedstock and equipment disturbances, to regulatory and environmental variations, and market volatility caused by the COVID-19 pandemic. Now more than ever, it is important for companies to […]

US Refiners See High Crack Spreads, but Renewable Fuel Credits Eat into Actual Profits Recently we have seen some buzz about refining crack spreads being at favorable levels. While this appears to be true on the surface, a key component of understanding actual domestic fuels production profitability is the current value of the Renewable Volume […]

Fuels demand projected to increase, although less than 2019 The US Government’s Energy Information Administration (EIA) released their take on how gasoline and diesel demand might recover in their Short Term Energy Outlook (STEO) this week. The forecast shows that gasoline demand will increase in 2021 to levels above the low set in 2020; however, […]