Learn the 5 keys to a successful integration of Closed Loop AI Optimization (AIO) into daily plant operations.
The petrochemical industry faces a pressing skills gap. A 2023 survey found that nearly 40% of the workforce will retire in the next decade. How can you bridge this gap? Closed Loop Artificial Intelligence Optimization (AIO) could be the answer.
In their 2024 Process Optimization and Controls Market Study, ARC Advisory Group unveiled a new category of closed loop industrial technologies, Closed Loop AI Optimization (AIO), and noted Imubit as a leader.
Imubit’s Optimizing Brain for Your Plant Announced at Transcend Houston Global AI Summit. We gathered the process industries’ best and brightest in Houston last week for two days of sharing, learning, and lederhosen.
At Imubit, we are witnessing a step change within industrial plants, and we’ve coined this innovation the Foundation Process Model. This new concept, built from deep learning applied to large sets of process data, is poised to redefine how plants operate and optimize performance.
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 […]