SK Innovation Launches on SimSci Optimization Technology
Invensys Process Systems
Invensys Group Headquarters
London, SW1E 5BF
Press release date: November 21, 2013
- South Korea's largest refining and petrochemicals company chooses Invensys to support operational excellence program -
SINGAPORE – Invensys, a leading supplier of state-of-the-art industrial software, systems and control equipment to the world's major industries, has rendered a multi-year, multi-million dollar corporate license to SK innovation.
Under the terms of the agreement, SK innovation, including its subsidiaries, will use Invensys' SimSciŽ ROMeoŽ software to optimize and improve the performance of its refining and petrochemical operations in real time. SK Energy, one of SK Innovation's subsidiaries, is Korea's largest oil refiner with a capacity for 1.1 million barrels-per-day of crude distillation and operating approximately 4,200 service stations across the country. Additionally, SK Global Chemical, another of SK Innovation's subsidiaries, produces 5.5 million tons of petrochemical and polyolefin products each year and is capable of producing 860,000 tons of ethylene per year.
"Invensys provides the true partnership we need as we execute our operational excellence program," said Mr. Cheon, real-time optimization project manager at SK innovation. "This relationship and their SimSci solutions will allow us to apply new, consistent modeling techniques that should improve the real-time performance of our assets across the lifecycle of our refining and petrochemical operations."
An integrated online and offline optimization solution for the refining, petrochemical and gas processing industries, SimSci ROMeo optimization software handles equipment monitoring, utilities optimization and material balance in open- or closed-loop mode.
"ROMeo software allows our customers to build upon and unite existing automation and IT systems with technology applications from Invensys, our ecosystem partners and other third-party providers so they function as one, holistic, real-time business optimization solution," said Ravi Gopinath, president of Invensys' software business. "This agreement allows us to help SK innovation achieve real-time operational excellence, as well as create more value and contribute to the wellbeing of their customers and other stakeholders."
Invensys is a global technology company that works in partnership with a broad range of industrial and commercial customers to design and supply advanced technologies that optimize their operational performance and profitability. From oil refineries and power stations to mining companies, food and beverage companies and appliance manufacturers, Invensys' market-leading software, systems and controls enable its customers to monitor, control and automate their products and processes, thereby maximizing safety, efficiency, reliability and ease of use. To learn more about Invensys, visit invensys.com.
Invensys, the Invensys logo, ROMeo and SimSci are trademarks of Invensys plc, its subsidiaries or affiliates. All other brands and product names may be trademarks of their respective owners.
Invensys, c/o Tiziani Whitmyre, 2 Commercial St, Sharon, MA 02067 United States
Director, Media Relations