Blog

The latest news and updates from Imubit.

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…

Read More

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…

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More