ABB new analytics and AI software helps producers optimize operations

MOSCOW (MRC) -- The ABB Ability Genix Industrial Analytics and AI Suite is a scalable advanced analytics platform with pre-built, easy-to-use applications and services, said Hydrocarbonprocessing.

It collects, contextualizes and converts operational, engineering and information technology data into actionable insights that help industries improve operations, optimize asset management and streamline business processes safely and sustainably.

Analyst studies suggest that industrial companies typically are able to use only 20 percent? of the data generated, which severely limits their ability to apply data analytics meaningfully. ABB’s new solution operates as a digital data convergence point where streams of information from diverse sources across the plant and enterprise are put into context through a unified analytics model. Application of artificial intelligence on this data produces meaningful insights for prediction and optimization that improve business performance.

"We believe that the place to start a data analytics journey in the process, energy and hybrid industries is by building on the existing digital technology – the automation that controls the production processes," said Peter Terwiesch, President of ABB Industrial Automation. “We see a huge opportunity for our customers to use their data from operations better, by combining it with engineering and information technology data for multi-dimensional decision making. This new approach will help our customers make literally billions of better decisions."

ABB Ability Genix is composed of a data analytics platform and applications, supplemented by ABB services, that help customers decide which assets, processes and risk profiles can be improved, and assists customers in designing and applying those analytics. Featuring a library of applications, customers can subscribe to a variety of analytics on demand, as business needs dictate, speeding up the traditional process of requesting and scheduling support from suppliers.

Scalable from plant to enterprise, ABB Ability Genix supports a variety of deployments including cloud, hybrid and on-premise. ABB Ability Genix leverages Microsoft Azure for integrated cloud connectivity and services through ABB’s strategic partnership with Microsoft.

“The ABB Ability Genix Suite brings unique value by unlocking the combined power of diverse data, domain knowledge, technology and AI," said Rajesh Ramachandran, Chief Digital Officer for ABB Industrial Automation. "ABB Ability™ Genix helps asset-intensive producers with complex processes to make timely and accurate decisions through deep analytics and optimization across the plant and enterprise.

"We have designed this modular and flexible suite so that customers at different stages in their digitalization journey can adopt ABB Ability Genix to accelerate business outcomes while protecting existing investments."

A key component of ABB Ability™ Genix is the ABB Ability Edgenius Operations Data Manager that connects, collects, and analyzes operational technology data at the point of production. ABB Ability Edgenius uses data generated by operational technology such as DCS and devices to produce analytics that improve production processes and asset utilization. ABB Ability Edgenius can be deployed on its own, or integrated with ABB Ability Genix so that operational data is combined with other data for strategic business analytics.

"There is great value in data generated by automation that controls real-time production,” said Bernhard Eschermann, Chief Technology Officer for ABB Industrial Automation. "With ABB Ability Edgenius, we can pull data from these real-time control systems and make it available to predict issues and prescribe actions that help us use assets better and fine-tune production processes."

As MRC informed previously, global oil consumption cut by up to a third in Q1 2020. What happens next in the oil market depends on how quickly and completely the global economy emerges from lockdown, and whether the recessionary hit lingers through the rest of this year and into 2021.

Earlier this year, BP said the deadly coronavirus outbreak could cut global oil demand growth by 40 per cent in 2020, putting pressure on Opec producers and Russia to curb supplies to keep prices in check.

And in September 2019, six world's major petrochemical companies in Flanders, Belgium, North Rhine-Westphalia, Germany, and the Netherlands (Trilateral Region) announced the creation of a consortium to jointly investigate how naphtha or gas steam crackers could be operated using renewable electricity instead of fossil fuels. The Cracker of the Future consortium, which includes BASF, Borealis, BP, LyondellBasell, SABIC and Total, aims to produce base chemicals while also significantly reducing carbon emissions. The companies agreed to invest in R&D and knowledge sharing as they assess the possibility of transitioning their base chemical production to renewable electricity.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
MRC

MOSCOW (MRC) -- Canadian integrated energy company Imperial Oil Ltd posted a second-straight quarterly loss, hit by lower crude prices and refining margins as the COVID-19 pandemic dented demand for fuel and related products, said Hydrocarbonprocessing.

The coronavirus outbreak led to the grounding of flights and brought economies to a standstill, hurting demand for fuel and forcing producers to implement widespread output cuts to curb oversupply after oil prices collapsed this year.

Imperial, which is majority owned by Exxon Mobil Corp, said its refinery throughput averaged 278,000 barrels per day, 19% lower than last year, with overall utilization at 66% in the quarter.

Prices for the company’s U.S. crude fell about 53.5% to USD27.83 per barrel, while Canadian crude prices dropped about 66% from year-ago levels to USD16.73 per barrel.

The company said it expects lower realized prices for its products to result in substantially lower earnings and cash generated from operations than in 2019, unless conditions improve significantly in the latter half of the year.

Imperial’s quarterly average production for the quarter fell 13.3% to 347,000 barrels of oil equivalent per day (boepd) due to scheduled shutdowns of its Kearl and Syncrude oil sands deposits to balance near-term output with poor demand.

The Calgary, Alberta-based posted a loss of CD526 million (USD391.86 million), or 72 Canadian cents per share, for the second quarter ended June 30, compared with a profit of CD1.21 billion, or CD1.57 per share, last year.

As MRC informed previously, global oil consumption cut by up to a third in Q1 2020. What happens next in the oil market depends on how quickly and completely the global economy emerges from lockdown, and whether the recessionary hit lingers through the rest of this year and into 2021.

Earlier this year, BP said the deadly coronavirus outbreak could cut global oil demand growth by 40 per cent in 2020, putting pressure on Opec producers and Russia to curb supplies to keep prices in check.

And in September 2019, six world's major petrochemical companies in Flanders, Belgium, North Rhine-Westphalia, Germany, and the Netherlands (Trilateral Region) announced the creation of a consortium to jointly investigate how naphtha or gas steam crackers could be operated using renewable electricity instead of fossil fuels. The Cracker of the Future consortium, which includes BASF, Borealis, BP, LyondellBasell, SABIC and Total, aims to produce base chemicals while also significantly reducing carbon emissions. The companies agreed to invest in R&D and knowledge sharing as they assess the possibility of transitioning their base chemical production to renewable electricity.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
MRC

MOSCOW (MRC) -- Independent US refiner Valero Energy Corp reported a smaller-than-expected quarterly loss on Thursday, adding that it saw “a rapid recovery” in demand for its products as the quarter progressed, reported Reuters.

The results, which kicked off US refining earnings, failed to lift investor sentiment as shares of the company and other refiners fell 3% to 7%, dragged down by oil prices that plummeted on concerns fuel demand recovery could be capped by a resurgence in coronavirus infections.

Global fuel consumption in the second quarter recovered from record lows in March and April, as countries started emerging from lockdowns.

“While the impact of the pandemic and the ensuing global economic downturn so far this year has been significant, we saw a rapid recovery in demand for refined products as we moved through the quarter,” Valero’s Chief Executive Officer Joe Gorder said.

Valero forecast current-quarter throughput, or the volume of crude processed by its refineries, to be about 2.43 million barrels per day (bpd), down more than 18% from a year earlier.

Throughput for the second quarter dropped 22% to 2.3 million bpd, while refining margins fell 58% to USD1.08 billion.

Credit Suisse analyst Manav Gupta said the results were better-tha-feared, helped by Valero’s renewable diesel and ethanol segments. He added refining equities would move higher or lower, depending upon whether Texas, Florida and Arizona can successfully avoid another virus-led shutdown.

On an adjusted basis, Valero lost USD1.25 per share in the reported quarter, compared to analysts’ estimates of a loss of USD1.41 per share loss, according to Refinitiv IBES.

The San Antonio, Texas-based company also recorded a gain of USD1.8 billion in the quarter related to inventory valuation.

As MRC reported earlier, in June 2020, Valero Energy Corp’s Memphis, Tennessee, crude oil refinery was operating at two-thirds of its 180,000 barrel-per-day (bpd) capacity because of low demand in the COVID-19 pandemic. The Memphis refinery cut production by as much as 50% in early April and has been raising production gradually since then.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
MRC

MOSCOW (MRC) -- In a late July 31 advisory, the National Oceanic and Atmospheric Administration's National Hurricane Center said heavy rains associated with Hurricane Isaias could begin to affect south and east central Florida late Friday night and the eastern Carolinas by early next week, potentially resulting in isolated flash flooding, reported S&P Global.

NOAA said the Category 1 hurricane was expected to reach the east coast of Florida on Saturday morning.
It said that storm surge along the northeastern Florida coast could come late in the weekend, and spread northward along the remainder of the US East Coast through early next week.

Florida Power & Light said July 31 it had a restoration workforce of more than 10,000 "ready to respond to Hurricane Isaias amid the global COVID-19 pandemic."

It said it will bring in crews from sister company Gulf Power and has secured more than 2,000 additional restoration personnel from nearly 10 states. "We are committed to restoring service in between bands of severe weather, as long as winds are below 35 MPH," the company said.

FPL owns the two-reactor, 1,600-MW Turkey Point Nuclear Generating Station located two miles east of Homestead, Florida, and about 25 miles south of Miami.

According to preliminary mapping of Isaias' path, the Turkey Point facility may escape the storm's more severe western rain bands on Saturday.

FPL's 1,880-MW St. Lucie Nuclear facility located further up the Florida coast on Hutchinson Island, may not be so lucky. The center of the storm eye could pass offshore of the St. Lucie facility early on Sunday morning.

In a statement, Duke Energy Florida said it believed its customers in central and eastern Florida may experience weather-related outages.

On the natural gas front, analysts have noted that by looking at the path and what previous storms have done, typically the ones that hit the eastern part of Florida just push down gas demand for a few days and then it rebounds relatively quickly. Storms hitting the Louisiana and Houston Ship Channel areas usually have a larger market impact.

The current expected path of the storm includes the Georgia coast, where Kinder Morgan's Elba Liquefaction the smallest of the six major US LNG export facilities - is located. The operator is monitoring the storm's development, but it is too early" to determine whether a reduction in staff or liquefaction activity at the site would be needed, spokeswoman Katherine Hill said July 31.

Oil and gas production isn't expected to be affected much because Isaias is projected to remain out of the Gulf of Mexico and instead move along eastern Florida and up the East Coast.

However, a series of southern Florida ports were closing to inbound traffic on July 31, potentially affecting shipments of refined petroleum products.

The ports of Miami, Everglades, Palm Beach, Ft. Pierce, Key West, as well as the Miami River and the Florida Keys all moved to Yankee condition status on July 31, meaning that inbound traffic is closed without explicit permission from the port captains, and movements are restricted within the ports.

Other Florida ports remained open to traffic - at X-Ray status - with some elevated restrictions to ship movements within the ports. The Port of Jacksonville, including Port Canaveral and the Port of Fernandina, said it is scheduled to move to X-Ray status on the evening of July 31.

Florida relies on waterborne refined products supplies, as it has no refineries and is not served by major pipelines. Refined products are delivered primarily to marine terminals at the Port of Jacksonville and Port Everglades in Fort Lauderdale on the east coast, and the Port of Tampa on the west coast.

Kinder Morgan's Central Florida Pipeline delivers refined products from the Tampa terminal to Orlando.

"We are monitoring the storm's path and activating our emergency response plans, as needed," said Kinder Morgan spokeswoman Melissa Ruiz on July 31.

As MRC wrote befoe, as Texas prepared for heavy rains and possible gale force winds, July 25-26 brought on by Tropical Depression 8 in the central Gulf of Mexico, the US Coast Guard began to restrict port activities. The National Hurricane Center on June 23 issued a tropical storm watch from Port Mansfield, Texas, just above the Mexico border, to High Island, just north of Galveston, but noted that tropical storm warnings could be issued later that day as the storm progresses westward towards land. Flooding was expected to be the main concern of Tropical Depression 8, which could have impacted some refineries in Texas, home to about 30% of total US refining capacity, and refiners were keeping an eye on the storm. Refiners like Phillips 66, which has Texas coastal refineries, were keeping a close eye on the weather.

As MRC informed earlier, US-based Phillips 66 remains open to developing another ethane cracker for its Chevron Phillips Chemical (CP Chem) joint venture, the refiner's CEO said in March 2018.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
MRC

MOSCOW (MRC) -- Mitsubishi Chemical Corporation (MCC) recently decided to acquire two German carbon fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG (CFK) and carboNXT GmbH, through its subsidiary Mitsubishi Chemical Advanced Materials AG, as a part of the company's efforts to promote the circular economy, said the company.

The acquisition is slated for completion around early August. Based on the MCHC Group's medium- to long-term basic management strategy KAITEKI Vision 30, MCC views the circular economy as a key element in its realization of KAITEKI 2, and in-house product recycling is an important initiative within this strategy.

CFK has its own network to collect leftover materials generated during the molding of intermediate materials such as carbon fiber prepreg, mainly from customers in mobility-related industries, and also draws on its advanced proprietary technology to recycle these materials into usable forms of carbon fiber. In turn, carboNXT sells these CFK-recycled products.

MCC has also acquired c-m-p GmbH 3, a carbon fiber prepreg manufacturer, as well as the Minger Group 4 of engineering plastics recycling companies. With the latest acquisition, MCC will establish a chain from the manufacture of carbon fibers and carbon fiber composites to collection and recycling of products, in Europe, following Japan, where the chain has already been established. 5 In the future, MCC will offer total solutions including product recycling to customers, by using recycled products as raw materials within the group.

Going forward, the company will continue to strengthen its capability to propose solutions to users as a leader in the carbon fiber composite industry and will contribute to the realization of a recycling-based society.

As MRC informed Mitsubishi Chemical resumed production at the end of June at the monoethylene glycol (MEG) plant in Kashima, Japan after renovations. Maintenance at this enterprise with a capacity of 300,000 tonees/year was started in mid-May of this year.

According to MRC's ScanPlast, in May of this year, the estimated PET consumption in Russia amounted to 70,170 tonnes, which corresponds to the level of consumption last year (70,450 tonnes). In total for the period January - May of this year, the estimated consumption of PET in the Russian Federation amounted to 304,310 tonnes of material. This is 3% less than in 2019.

Mitsubishi Chemical, a Japanese integrated chemical company, was formed on October 1, 1990 through the merger of Mitsubishi Kasei and Mitsubishi Petrochemical Co. Due to its wide range of activities, it is one of the ten leading chemical companies in the world.
MRC