Oil refineries in Shandong Province will benefit from Yokogawa consultancy services under new agreement with KBC Advanced Technologies.
Yokogawa’s subsidiary, KBC Advanced Technologies, has signed a consultancy agreement with China Energy Engineering North 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 (SINOMEC), a state-owned company, and China Energy Engineering North.
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 include conducting an integration study that will identify synergies for maximising yield and profit and verifying 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.