Are you a heavy process industry leader getting upward pressure to explore new AI solutions? Are you concerned about your team’s capacity to support evaluating something so now and different? Are you getting 5+ emails a day from vendors talking about how their AI is going to transform the way you work?
One of the most frequently asked questions of closed loop AI optimization providers is “how does this differ from existing real-time optimization tools?” So, the team here at Imubit decided to make the answer simple and readily available to the masses.
One of the most frequently asked questions of closed loop AI optimization providers is “how does this differ from existing real-time optimization tools?” So, the team here at Imubit decided to make the answer simple and readily available to the masses.
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 […]
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 […]
As industry increasingly recognizes the benefits of artificial intelligence (AI), companies are seeking how to best fit AI into their business strategy. AI, however, is relatively young and the extensive benefits it provides demand creative solutions to unique challenges. Successfully implementing AI requires a deliberate and dedicated approach that sometimes differs from implementing more standard […]
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 suddenly at record lows with negative crack spreads recorded in all markets. […]