Product News: Software
Planning Software enhances refining and petrochemical processes.
Press Release Summary:
April 30, 2014 - By improving model building and maintenance, case management, and optimization, Refinery and Petrochemical Modeling System (RPMS) 500 helps plants maximize profitability. Incorporated analytics software, based on IntuitionÂ® process management, optimizes application of planning results. Solution helps firms assess long-term investment options, comprehend critical differences in potential yield and value of various feedstocks, as well as determine best operating conditions over planning horizon.
Original Press Release
Honeywell Enhances Refining and Petrochemical Planning Solution
Press release date: April 22, 2014
HOUSTON — Honeywell (NYSE:HON) today announced a major enhancement to its Refinery and Petrochemical Modeling System (RPMS) that will improve model building and maintenance, case management, and optimization to help plants maximize profitability. The new release, RPMS 500, incorporates analytics software that is based on the company’s innovative Intuition® process management to better apply planning results.
RPMS also helps refining and petrochemical firms assess their long-term investment options and understand the critical differences in potential yield and value of various feedstocks, as well as determining the best operating conditions over the planning horizon.
“RPMS Release 500 preserves the rich capability of RPMS while making it easier and more efficient to work with,” said Patrick Kelly, product director, Honeywell Process Solutions. “It also makes it simpler to build and maintain refinery planning models, and generate and review production plans. That helps provide information to help operators make the best production decisions. It includes a web-based tool that makes it easier for the broader organization to access and analyze the information.”
Key new features with the RPMS 500 release include support for Windows™ 7/8 64-bit platforms, as well as tools to simplify migration to the current software version. Other enhancements provide improved case management, a new graphical user interface, HTML-based reporting, and improved optimization capabilities.
These tools are critical to optimizing the overall profitability of refining and petrochemicals operations and RPMS helps to drive and sustain improved profitability by enabling clients to assess more options and align the organization more effectively to the plan. Effective planning is critical to help today’s process industries increase profitability. RPMS helps enable development and analysis of advanced mathematical programming models, utilizing linear programming (LP) optimization to answer key business questions related to raw material purchases, product specifications, plant operation, and distribution and logistics.
For more information, please visit www.honeywellprocess.com.
Honeywell Process Solutions (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries. Process Solutions is part of Honeywell’s Performance Materials and Technologies strategic business group, which also includes UOP, a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.