SOURCE: Invensys Operations Management

Invensys Operations Management

March 22, 2010 10:23 ET

Invensys and ExxonMobil Research and Engineering Company Sign Licensing Agreement for Refinery Process Models

Proven Modeling Technology From EMRE Will Be Available in Leading Optimization Platform From Invensys

PLANO, TX--(Marketwire - March 22, 2010) -  Invensys Operations Management, a global provider of technology systems, software solutions and consulting services to the process and manufacturing industries, today announced that it has entered into an agreement with ExxonMobil Research and Engineering Company (EMRE) that allows Invensys to sub-license a suite of EMRE's refinery process models to third parties. The suite of models will be delivered through Invensys Operations Management's market-leading SimSci-Esscor® optimization software, using its ROMeo® solution to enable clients to model and optimize process units.

"With depressed demand, decreased margins and increased environmental mandates, refiners no longer have the option to simply operate at maximum throughput," said Sudipta Bhattacharya, president and chief executive of Invensys Operations Management. "Over the course of the coming decade, we will see a drastic shift in the oil industry as refiners constantly optimize their operations in the face of changing feedstock and energy costs, product specs and margins. Refiners will increasingly rely on accurate modeling technologies to construct a refinery-wide picture and assess the financial impact of different operating scenarios. Our SimSci-Esscor optimization software and ROMeo solution, combined with EMRE process models, enables refiners to make improved economic decisions throughout the refinery, from crude feed to final product blending."

While traditional modeling solutions can only simulate individual process units or provide point solutions to solve a specific problem, Invensys Operations Management's SimSci-Esscor solution provides a scalable software environment that enables companies to optimize refinery-wide performance, as well as other aspects of refinery profitability, such as utilities and instrument/equipment health monitoring. Additional benefits are derived from leveraging the data generated by rigorous models to enhance planning and scheduling decisions, leading to increased refinery margins.

"These modeling improvements allow refiners to better optimize their operations," said Charles Darnell, global manager for optimization at ExxonMobil Research and Engineering Company. "We use ROMeo technology in our plants for multiple applications and continue to work with Invensys to develop improvements in this technology."

For more information about refinery optimization please visit iom.invensys.com/optimization and download the free white paper Achieving Competitive Advantage from Refinery-Wide Business Performance Optimization.

About ExxonMobil Research and Engineering Company and Exxon Mobil Corporation
ExxonMobil Research and Engineering Company is a wholly owned subsidiary of Exxon Mobil Corporation. ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world's growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com.

About Invensys Operations Management
Invensys Operations Management, a division of Invensys, is a leading provider of automation and information technology, systems, software solutions, services and consulting to the global manufacturing and infrastructure industries. Headquartered in Plano, Texas, its solutions are used by more than 40,000 clients around the world in more than 200,000 plants and facilities.

Invensys Operations Management's offerings are delivered under several prominent industry brands, including Avantis, Eurotherm, Foxboro, IMServ, InFusion, SimSci-Esscor, Triconex and Wonderware. The company's approximately 9,000 employees and its global partner ecosystem integrate these products and services to help clients collaborate across systems and enterprises in real time, extracting critical data to make faster and better decisions and synchronize their operations from the plant floor to the executive offices, aligning production goals with business objectives. To learn more about Invensys Operations Management, visit iom.invensys.com.

Invensys plc (www.invensys.com) is headquartered in London and is listed on the London Stock Exchange (ISYS.L), with approximately 20,000 employees working in 50 countries.

Invensys, the Invensys logo, Avantis, Eurotherm, Foxboro, IMServ, InFusion, SimSci-Esscor, Triconex and Wonderware are trademarks of Invensys plc, its subsidiaries or affiliates. All other brands and product names may be trademarks of their respective owners.

Contact Information

  • CONTACTS
    Tom Clary, Invensys Operations Management
    tom.clary@invensys.com t: 469-365-6651 m: 214-549-5629

    John Nero, Tiziani Whitmyre
    Email Contact, t: 781-793-9380 m: 401-486-3120