Real time optimization For Oil, Gas and Petrochemical Industries
The increasing competition in petroleum industries, reducing plant costs, minimizing measurement errors and environmental issues have led to growing interest in Real time optimization (RTO) of the process units.
RTO is among the most effective ways of enhancing the economic performance and reducing the overhead costs of chemical plants. Through RTO, the optimum values of the set points are re-calculated on a regular basis (e.g., every hour or every day).
- - Decreasing Energy Consumption of Plants
- - Improvement of plant stability and reliability
- - Automatic optimization of plant performance
- - Real-time calculation and reporting feed and products consumption/production
- - Fast Payback
- - More Profit