Koch-Glitsch Brings Powerful Predictive Analytical Solutions to Oil and Gas Industry
WICHITA, KS Koch-Glitsch and EFT Analytics announces a partnership to provide full service process engineering and advanced data analytics solutions to enhance operations for refineries and petrochemical plants.
This partnership offers comprehensive visibility of live plant operations leveraging applied machine learning and deep process knowledge. This process goes beyond traditional engineering studies and current analytics offerings by exposing how variables interact and how they can be used to understand critical operating parameters in order to optimize plant procedures and reduce downtime.
"At the core of Koch's principles, we are focused on operational and environmental excellence and eliminating waste to create superior value to our customers and society," said Massimo Bizzi, Koch-Glitsch President and Chief Operating Officer. "One form of waste in chemical plant and refinery operations is downtime, which is among the biggest challenge our customers face. Combining the approach of traditional process engineering expertise with state-of-the-art advanced data analytic solutions which are possible with our partnership we can help our customers improve their operational, environmental and ultimately financial results."
The advanced analytics solutions combine statistical models and real-time data, giving operators greater understanding of plant operations. When combined with Koch-Glitsch's extensive process knowledge, these solutions can provide pre-event warnings and pinpoint the root cause of operating issues improving plant profitability by identifying tower bottlenecks, optimizing heat exchanger performance, increasing reactor yield, eliminating flaring events and reducing outages.
Additionally, it helps refineries and petrochemical plants produce an on-spec product more consistently, increasing economic return.
"The bottom line is this partnership brings innovative new solutions to industries facing significant challenges," said Josh Oeding, EFT Analytics vice president of marketing and strategy. "Pairing Koch-Glitsch's industry leading experience with our technology provides refiners and chemical plant operators around the world with the tools to predict and prevent issues that impact worker safety, environmental performance and the company's bottom line. While others struggle to wade through the hype of Digital Transformation, Artificial Intelligence and the Industrial Internet of Things, we are delivering real value to customers."