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Linking the Plant to Refinery Economics

Presented By

Dave Geddes - PREP Consulting, Inc.


courtesy of Prep ConsultingEvery refiner in the world uses a plant-wide Linear Program model to optimize monthly operation. An accurate LP is worth 50 cents/BBL, or more of margin. However, refiners struggle to keep their LPs accurate in the face of increasingly scarce engineering resources. LPMonitor is a tool to monitor plant operations and improves LP accuracy for all key processes- for example, Catalytic Cracker, Delayed Coker, and Crude Unit. In this talk, we will introduce LPMonitor and show you our step-by-step best practices for improving LP accuracy. LPMonitor is an easy-to-use system that performs the following functions; first comparing the LP plant model predictions to actual plant measurements, second quantifying predictions errors, and finally when significant errors are found, by tuning the LP plant model.
Dave Geddes, Prep ConsultingDave Geddes is an economics and planning consultant for the refining and petrochemical industry. His previous experience includes 20 years at Bechtel Corporation. Mr. Geddes received a B.S. in Petroleum Refining from the Colorado School of Mines, and an M.S. in Chemical Engineering from the University of Colorado.

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