Economic Engineering Update | November 2020
Second wave of COVID increases risk for already challenged refiners Over the last several weeks, we have once again seen COVID-19 cases in the US (and globally) rise significantly. In the initial stages of the outbreak the...
Your LP may be giving you a false sense of optimality
Most complex facilities such as refineries and chemical plants utilize some type of Linear Programming (LP) software to optimize and help plan for feedstocks, unit conditions, and even future investments. These models generally optimize a system of linear equations...
Economic Engineering Update | October 2020
US Distillates Market begins to feel the pinch Since the pandemic started and we saw Jet demand drop to levels unseen in many years, I have postulated that distillates will go long in a significant and difficult to deal with way in the US. This is due to the need to...
Minimizing Jet Fuel Production in an Existing Refinery
The recent COVID-19 outbreak caused a major disruption to peoples’ movements around the world, resulting in a very sharp curtailment of international air travel. Demand for jet fuel, normally a high value refined product and one of the easiest products to sell, was...
The Right AI Solution: Vertical Domain-Driven or Generic Industry 4.0?
The pitch “So, how does your platform work?,” you ask the artificial intelligence (AI) Industry 4.0 vendor. “Well, our agnostic AI technology feeds on all of your data sources in real time, and generates predictions, warnings, prescriptions, and recommendations that...
Economic Engineering Market Update Sept 2020
The Covid-19 global pandemic’s effects on markets and how manufacturers continue to adapt to this market disruption Welcome to the first in a monthly series of market analysis and commentary articles brought to you by the Imubit Economic Engineering team. These will...
Welcome to the Imubit Blog
The energy sector is undergoing an unprecedented global shift. Artificial intelligence (AI) is increasingly transforming enterprises across all facets of the hydrocarbon industry. Imubit develops novel AI to help energy and chemical operators survive and thrive. We...