Tokyo, Japan - January 16, 2018
Yokogawa Electric Corporation (TOKYO: 6841) announces that its subsidiary, KBC Advanced Technologies, has signed a consultancy agreement with China Energy Engineering North Co., Ltd. for the integration of operations at six oil refineries in China's Shandong Province. These refineries are being acquired and will be operated by China State Energy Engineering Corp. Ltd. (SINOMEC), a state-owned company, and China Energy Engineering North Co., Ltd., a SINOMEC group company.
There are many small-scale oil refineries in Shandong Province. To improve efficiency and better meet market needs, SINOMEC has decided to upgrade facilities and integrate operations at these six oil refineries, which are located in Guangrao County. KBC will provide consulting services to assist SINOMEC in meeting these objectives.
The consulting services offered by KBC are as follows:
- Conduct an integration study that will identify synergies for maximizing yield and profit.
- Verify a plan to expand and diversify production.
KBC provides software and consultancy services that help to improve efficiency and profitability in the oil and gas upstream (exploration and production) and downstream (refining) sectors. The company's services are held in high regard by customers around the world.
The decision to award KBC this contract took into consideration the company's detailed knowledge of the oil industry and Yokogawa's solid track record in China. Through its introduction of highly reliable control systems, products, and other advanced solutions, Yokogawa will help this customer achieve profitability, ensure safety, and protect the environment.
Yokogawa's global network of 113 companies spans 60 countries. Founded in 1915, the US$3.5 billion company engages in cutting-edge research and innovation. Yokogawa is active in the industrial automation and control (IA), test and measurement, and aviation and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. Targeting this segment, Yokogawa helps companies maximize their profits by offering a wide range of highly reliable products and working with the subsidiary KBC Advanced Technologies to provide premium solutions and services. For more information about Yokogawa, please visit www.yokogawa.com.
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Yokogawa has a wealth of experience in every part of the oil and gas business, from offshore and onshore facilities to pipelines, terminals, and deepwater operations. We provide solutions that enhance safety, ensure accurate and reliable operation, and increase plant efficiency.
En el siempre cambiante mercado, las refinerías no sólo son vistas como unidades de procesamiento de crudo, sino también como centros de beneficios. Al mismo tiempo, hay una clara conciencia de la necesidad de la seguridad en este tipo de instalaciones. Una solución de la producción total que abarca la planificación, programación, administración y control es necesaria para lograr los objetivos a largo plazo para la rentabilidad, la eficiencia y la protección del medio ambiente. Con años de experiencia en el campo de la automatización, Yokogawa puede traer soluciones totales accesibles para mejorar la operatividad y un mundo más limpio.