Skip to main content
 
 
  Subscribe to our Blogs  |  Email Signup  |  Share: 
 

News Release

Invensys and ExxonMobil Research and Engineering Company Sign Licensing Agreement for Refinery Process Models

Proven modeling technology from EMRE will be available in leading optimization platform from Invensys

MARCH 22, 2010/PLANO, TEXAS - Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries, today announced that it has entered into an agreement with ExxonMobil Research and Engineering Company (EMRE) that allows Invensys to sub-license a suite of EMRE’s refinery process models to third parties. The suite of models will be delivered through Invensys Operations Management’s market-leading SimSci-Esscor® optimization software, using its ROMeo® solution to enable clients to model and optimize process units.
 
“With depressed demand, decreased margins and increased environmental mandates, refiners no longer have the option to simply operate at maximum throughput,” said Sudipta Bhattacharya, president and chief executive of Invensys Operations Management. “Over the course of the coming decade, we will see a drastic shift in the oil industry as refiners constantly optimize their operations in the face of changing feedstock and energy costs, product specs and margins. Refiners will increasingly rely on accurate modeling technologies to construct a refinery-wide picture and assess the financial impact of different operating scenarios. Our SimSci-Esscor optimization software and ROMeo solution, combined with EMRE process models, enables refiners to make improved economic decisions throughout the refinery, from crude feed to final product blending.”
 
While traditional modeling solutions can only simulate individual process units or provide point solutions to solve a specific problem, Invensys Operations Management’s SimSci-Esscor solution provides a scalable software environment that enables companies to optimize refinery-wide performance, as well as other aspects of refinery profitability, such as utilities and instrument/equipment health monitoring. Additional benefits are derived from leveraging the data generated by rigorous models to enhance planning and scheduling decisions, leading to increased refinery margins.
 
“These modeling improvements allow refiners to better optimize their operations,” said Charles Darnell, global manager for optimization at ExxonMobil Research and Engineering Company. "We use ROMeo technology in our plants for multiple applications and continue to work with Invensys to develop improvements in this technology."
 
For more information about refinery optimization solutions from Invensys Operations Management, please visit
iom.invensys.com/optimization.
 
About ExxonMobil Research and Engineering Company and Exxon Mobil Corporation

ExxonMobil Research and Engineering Company is a wholly owned subsidiary of Exxon Mobil Corporation. ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com.

# # #

Media Contact

To view a list of our Invensys media contacts worldwide, visit our Media Contacts page.

About Invensys 

Invensys is a global technology company that works in partnership with a broad range of industrial and commercial customers to design and supply advanced technologies that optimise their operational performance and profitability. From oil refineries and power stations to mining companies and appliance manufacturers, Invensys’ market-leading software, systems and controls enable its customers to monitor, control and automate their products and processes, thereby maximising safety, efficiency, reliability and ease of use. To learn more about Invensys, visit invensys.com.

Invensys, the Invensys logo, Avantis, Eurotherm, Foxboro, IMServ, InFusion, Skelta, SimSci, Triconex and Wonderware are trademarks of Invensys plc, its subsidiaries or affiliates. All other brands and product names may be trademarks of their respective owners. 

« Return to New Releases

Media Relations

Tom Clary
Director of Media Relations
5601 Granite Parkway III Suite 1000
Plano, TX 75024 USA
1.469.365.6651
tom.clary at invensys.com