Case Study

Colombian Refinery Uses @RISK to Optimize Processes, Saving US $40M – Palisade

Colombian Refinery Uses @RISK to Optimize Processes, Saving US $40M – Palisade

Pages 3 Pages

Customers & Industries: Throughput Professionals Industry: Oil/Gas/Energy Product(s): @RISK Application: Refinery Optimization Summary Fernando Montemayor, Global Analysis Vice President of the consulting firm Throughput Professionals, and his team worked with the largest oil refinery company in Colombia (producing 250,000 barrels per day) to identify opportunities for optimizing their refining processes. Through analyzing the refinery’s processes with @RISK, Montemayor was able to identify the top key variables that drove effi ciency, increasing yield by 1.5% and resulting in a savings of $40M. @RISK Home Customers & Industries Throughput Professionals The customer was very happy with results. Now they are working on optimizing the rest of the refinery areas. Fernando Montemayor, Global A

Join for free to read