Case Studies SUCCESS STORY: Hyundai Oilbank Uncovers $36M USD/Year Using Aspen HYSYS

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	SUCCESS STORY: Hyundai Oilbank Uncovers $36M USD/Year Using Aspen HYSYS

SUCCESS STORY: Hyundai Oilbank Uncovers $36M USD/Year Using Aspen HYSYS

Technology Category	Analytics & Modeling - Process Analytics
Applicable Industries	Oil & Gas
Applicable Functions	Process Manufacturing
Use Cases	Process Control & Optimization
Services	System Integration
Challenge	Hyundai Oilbank was facing a challenge with their FCC (Fluid Catalytic Cracking) unit yield. The yield was not matching the planned yield as the plans did not consider changes in feed quality. This discrepancy was causing inefficiencies in their operations and was a potential source of financial loss. The company needed a solution that could accurately factor in feed changes and optimize operations accordingly. Read More
About Customer	Hyundai Oilbank is a South Korean oil company and is a subsidiary of the Hyundai Heavy Industries Group. It operates a network of refineries and service stations. The company is involved in the production and distribution of a wide range of petroleum products, including gasoline, diesel, kerosene, and heavy fuel oil. Hyundai Oilbank is a major player in the oil and gas industry and has a significant operational scale. Read More
Solution	To address the challenge, Hyundai Oilbank turned to advanced process simulation technology. The company updated the reactor planning model with a rigorous FCC model from Aspen HYSYS. This solution allowed Hyundai Oilbank to factor in feed changes and optimize operations accordingly. The Aspen HYSYS model provided a more accurate and comprehensive representation of the FCC operations, enabling the company to make more informed decisions and adjustments. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Process Analytics

Applicable Industries

Oil & Gas

Applicable Functions

Process Manufacturing

Use Cases

Process Control & Optimization

Services

System Integration

Challenge

Hyundai Oilbank was facing a challenge with their FCC (Fluid Catalytic Cracking) unit yield. The yield was not matching the planned yield as the plans did not consider changes in feed quality. This discrepancy was causing inefficiencies in their operations and was a potential source of financial loss. The company needed a solution that could accurately factor in feed changes and optimize operations accordingly.

About Customer

Hyundai Oilbank is a South Korean oil company and is a subsidiary of the Hyundai Heavy Industries Group. It operates a network of refineries and service stations. The company is involved in the production and distribution of a wide range of petroleum products, including gasoline, diesel, kerosene, and heavy fuel oil. Hyundai Oilbank is a major player in the oil and gas industry and has a significant operational scale.

Solution

To address the challenge, Hyundai Oilbank turned to advanced process simulation technology. The company updated the reactor planning model with a rigorous FCC model from Aspen HYSYS. This solution allowed Hyundai Oilbank to factor in feed changes and optimize operations accordingly. The Aspen HYSYS model provided a more accurate and comprehensive representation of the FCC operations, enabling the company to make more informed decisions and adjustments.

Impact #1	Improved planning accuracy of the unit to 98%
Impact #2	Enabled the company to factor in feed changes and optimize operations
Impact #3	Provided a more accurate and comprehensive representation of the FCC operations

Impact #1

Improved planning accuracy of the unit to 98%

Impact #2

Enabled the company to factor in feed changes and optimize operations

Impact #3

Provided a more accurate and comprehensive representation of the FCC operations

Benefit #1	Found operations improvement opportunities worth $36M USD/Year

Benefit #1

Found operations improvement opportunities worth $36M USD/Year

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Overview

SUCCESS STORY: Hyundai Oilbank Uncovers $36M USD/Year Using Aspen HYSYS

Operational Impact

Quantitative Benefit