The first is using digital-enabled approaches to improve companies’ business processes, which can be called functional excellence. Improved collaboration with suppliers is an often-mentioned benefit. •    Reducing unplanned downtime with increased rate of asset utilisation Interestingly, customers are even more stern; they almost unanimously report that the sector is lagging. They change the way companies run their factories and their supply chain. Advertising Opportunities Print, Digital & Content Solutions. However, there is still plenty of scope for improvement. Much of this sulphur content is converted through hydrotreating into hydrogen sulphide in refining and other conversion facilities. There is little enthusiasm for investments in augmented reality, blockchain and self-driving vehicles, which is in line with the low impact that is expected from these technologies. Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space. Digitalization is the hype. The key operating challenges facing the refinery included: running an energy efficient process; catering to environmental regulations; unit unavailability; operations less than optimal; and lack of availability of real time process optimisation. Advanced process control was carried out for the sulphur recovery, tail gas and sour water units. The petrochemical industry has ridden high on emerging-market demand growth since the start of the century, just like producers of metals and other commodities. Indian Chemical News is a media company with interests in online publishing and industry events related to the chemical and allied sectors. Impact of digitization on petrochemical industry in Europe 2017 Online revenue share of petrochemical industry in Europe 2017 Confidence in using digital technologies among teachers in … E-commerce is changing distribution channels. So, every industry is either at or near an inflection point for digital transformation. •    Reducing maintenance costs. The future of work is increasing digital, and nowhere is that more evident than in manufacturing. They are asking for transparency in the supply chain, for new solutions and for even better service; digital technologies and applications can bring the innovation the market expects. In the past four years or so, the hype about the fourth industrial revolution (IR 4.0) has gone into overdrive. The case studies explain how the digitalisation journey started, the challenges faced, and the path to implementation of IIoT. Automation and augmented reality are changing the processes in warehouses and transportation. About half of the participants aim to be an early adopter of digitization or even an innovator (cf. The LyondellBasell announcement arrived just two days after the collapse of a $17.4 billion joint venture between Dow Chemical and Kuwait’s Petrochemical Industries Co. However, the increased visibility of assets and goods throughout the supply chain and the improved coordination and alignment across the chain has not (yet) led to lower inventory levels and improved asset utilization for many of the participating companies (cf. But it is a critical start. These form the backbone of automated data collection systems, process simulation modelling and scheduling. figure 3). There is a need for investment in developing these capabilities. In a recent AFPM webinar Bruce Taylor, director of digital transformation at Sinclair Oil and Chair of AFPM’s OPCAT Committee, described digital transformation … Conservation Services, Inc. (CSI) is a regional facility that provides safe and convenient disposal services for communities, businesses and industries serving Adams County, Colorado and surrounding areas. They show the implementation of a wide range of technologies and systems, offering more transparency, creating platforms for intensive collaboration, and improving supply chain performance. •    Improved monitoring of energy use to increase operating efficiency Digital provides the means to unlock a new level of productivity enhancement. The petrochemical industry is a vital component of numerous industrial processes as it provides raw materi… This platform implements and leverages (if not already implemented) multiple independent applications in the plant on one platform to provide an optimised solution. The pressure to digitize is mainly coming from the market and from outside the petrochemical industry. To strengthen the chances of success, refinery and petrochemicals companies are using digital tools that enable plants to access the benefits of the IIoT and cloud computing. Pressure is also coming from newcomers in the sector: start-up companies launching new solutions, the so-called “GAFA” companies, or existing companies from other sectors entering the petrochemical sector. Transforming the petrochemical industry This digital transformation will affect the petrochemical industry in three main ways. Sulphur is present in crude oil and in natural gas in multiple forms including mercaptans. Digital twins provide the means for successful digital advancement by breaking down previously inaccessible data silos and granting access to shared information in a common view that improves decision-making. The growth of the market for petrochemicals will be driven by rising demand for downstream products from end-use industries and capacity additions in the base chemical industry. According to a Gartner survey of businesses around the world across 15 industries, 47% of CEOs are being challenged by their board of directors to make progress in digital business, and 56% said that their digital improvements have already improved profits. industries and sectors embrace digitization in areas ranging from business processes to customer relationship management, digital transformation is becoming a smart business objective beyond just improving the core of the business. The results of the research study are discussed in the recently published report “Digitisation in the Petrochemical Supply Chain”. The application integrates visualisation of key performance indicators (KPI) and process analytics. RFP’s design incorporated fire pumps and a custom In Line Balance Proportioning Foam Skid to deliver foam throughout the facility. Most companies have one or more digitalization initiatives underway as demonstrated in this survey conducted at the 2019 Emerson Exchange during the Chemical Industry Forum session. IIoT enabled digital systems with advanced analytics help refiners to make improved decisions … Manufacturing operations present one of the biggest and mo… Finally, the overall interest in 3D-printing, unmanned aerial vehicles and bionic enhancement is low in the petrochemical supply chain. Digitization makes for better contract and commodity-procurement decisions. Digital technologies have a huge impact on the structure of supply chains. This report focuses on the current state of automation in the petroleum/chemical industry… They may be considered as a threat for some, yet as an opportunity for other companies. The sector may be lagging… yet, there is a lot of ambition. The customers are actually an important driver of digitization (cf. •    Detection of small to large scale causes of efficiency losses Operating challenges And, the closer to the customer, the higher is the ambition for and the achievement of digitization. Solution Digital transformation in the chemical industry (in German) Digital transformation in the chemical industry KPMG in Germany recently launched a ground-breaking study on digital transformation within the chemical industry, together with the market research institute, TNS Emnid where they interviewed 75 senior chemical industry executives. Factories are becoming smart by introducing new process technologies, often referred to as Industry 4.0 or Internet of Things (IoT). However, the current digitization of the Indian chemical industry is below average. Petrochemical Update and Autodesk brought together a group of science, technology, engineering and project management experts to discuss and debate the role of technology in helping the construction and engineering industry rethink the future of capital projects. It provides an environment for an integrated sulphur management system using a ‘sulphur rich’ dashboard with refinery and petrochemical specific KPIs, and a high speed integration platform aligned with high frequency data from DCS, APC and other automation technologies. Request a consultation with TruQC. The hydrogen sulphide fumes that characterise many gas processing, refinery operations and petroleum production sites represent a genuine threat to safety and the environment. In a diversified industry that delivers products to virtually every other sector, customer service has a large impact on growth and operations. Especially for logistics service providers this also results in increased sales. Users access data from the local area network and make recommendations for appropriate operational actions through a system that integrates advanced process control, soft sensors, simulation, linear programming and dashboarding technology to deliver real time benefits. Digitization in the Petrochemical Supply Chain (c) cono0430Shutterstock, Caroline Ciuciu, EPCA “Digital technology awareness is high even though overall the petrochemical industry is perceived as lagging behind other sectors.”, Ann Vereecke, Vlerick Business School “The pressure to digitize is mainly coming from the market and from outside the petrochemical industry.”, European Petrochemical Association (EPCA), Brenntag Schweizerhall Teaming with Bayer CropScience and Swiss Infrapark Baselland, Brenntag, AkzoNobel Partner in Ecosel BioCare, Myriant Signs Distribution Agreement with BCD Chemie, Arkema Launches Specialty Polyamides MED Grades for Medical Market. Refineries are generally equipped with process automation technologies including DCS, HMI, SCADA, data historian, and so on. Digitization is going to play a major role in making the Indian chemical industry globally competitive. The software integrates data with multiple applications and layers of data validation and intelligent data analysis, and KPIs are generated and visualised in the dashboard. The research study shows that managers in the petrochemical supply chain are well aware of the impact of digitization. Asset challenges As in many other sectors, digitization is taking place at a fast pace in the petrochemical sector. This helps to convert a mountain of data into actionable information and translate that actionable information into decisions, leading to real, day to day plant improvements. Digital Transformation Initiative: Oil and Gas Industry 5 Putting a value on digital transformation This value-at-stake analysis3 aims to assess the potential for digitalization in the Oil and Gas sector to unlock benefits for the industry, its customers and society more generally over the next decade (2016-2025). A digital transformation is happening within the oil and gas industry, and digital twins are at the heart of it. The so called GAFA companies (that is, Google, Apple, Facebook and Amazon), together with Microsoft, have chased some large bricks-and-mortar companies from the top-5 positions, which used to include some petrochemical companies. Digitization into the supply chain participants acknowledge that the petrochemical industry market capitalization are data-intensive.... May need to invest in expensive upgrading projects is taking place at a fast pace in the petrochemical.... 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