Chemical Engineering May 2017 - 17

not available previously. It can then allow pattern recognition
and analytics to guide actions based on that wealth
of data. Benefits of such IIoT-enabled tools are said to
include the following:
* Increasing the rate of asset utilization by reducing unplanned
downtime
* Minimizing small efficiency losses from sources that
may not have been detectable previously
* Raising operating efficiency through improved monitoring
of energy usage
* Improving operations by continuous monitoring and by
providing instant access to information that supports
decision-making
* Maintaining the effectiveness of control loops, controllers
and models over time, so the benefits of advanced
process control are sustained
* Lowering overall process risk, thus improving safety
* Reducing maintenance costs
Focus on economics
In order to realize these benefits, though, refineries need
ways to transform all of the captured data into information
within a real-world, operational context. A host of companies
have been developing systems for providing tangible
value for IIoT-related data collection and analysis.
Martin Turk, a global solution architect for industrial clients
at Schneider Electric SE (Rueil-Malmaison, France;
www.schneider-electric.com) says, " There is a need to
begin with the problems that need to be fixed and to ask
how these new [IIoT-related] technologies can help solve
them, instead of starting with the tools and trying to find
what problems they could address. At Schneider, we're
taking a value-focused approach to IIoT, where the objective
is to leverage the IIoT to make petroleum refiners
more profitable, " he says.
In February 2017, Schneider introduced patented software
known as Profit Advisor (Figure 1), which uses data
analytics to measure financial performance of industrial
operations in realtime. Profit Advisor works with process
data historians to mine both past and realtime operating
data, and then crunches those data through proprietary
segment-specific accounting algorithms, the company
says, to determine realtime operational profitability and
potential savings.
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Developed in collaboration with Seeq Corp. (Seattle,
Wash.; www.seeq.com), Schneider's Profit Advisor helps
make economic-based decisions, in part by using continuous
comparisons between designed performance and
actual performance, Turk says. " It allows us to predict the
impact of operator decisions on plant economics, making
each operator more like a proprietor, " he says.
Profit Advisor measures the realtime profit performance
of each major plant asset and unit operation, and the
whole plant, so it is a departure from current cost-accounting
systems that only measure financial performance
of the overall plant, Schneider Electric says. The product
is designed to allow individual plant personnel to " see and
understand the return-on-investment and business value
of their actions . . . in realtime, " the company adds, emDPI
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75,000 GAL MAX. CAPACITY
CHEMICAL ENGINEERING WWW.CHEMENGONLINE.COM
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Call us: (973) 947-8787
Email us: info@crcleanair.com
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LIQUID EFFLUENT
(FROM BLEED PUMP)
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Chemical Engineering May 2017

Table of Contents for the Digital Edition of Chemical Engineering May 2017
