/24-7PressRelease/ - September 13, 2006 - KBC Advanced Technologies, Inc. (KBC) announces the recent agreement with ABB Lummus Global (Lummus) to license their new kinetic-based ethylene furnace software, Pyrolysis Yield Prediction System, (PYPS+TM).
The agreement brings together ABB Lummus Global's expertise as the world leader in ethylene technology with KBC's unparalleled profit improvement methodology and process simulation software.
KBC will use Lummus' proven, rigorous pyrolysis furnace model in its consulting work to evaluate and optimize its clients' petrochemical and refinery-petrochemical complexes.
The latest version of the PYPS+ furnace model will be integrated into Petro-SIMTM, KBC's industry-leading process simulation software. Petro-SIM currently includes KBC's rigorous SIM models of refinery and aromatics units within a full-featured flowsheeting environment. The addition of the ethylene furnace model further extends these capabilities to produce a fully integrated model to optimize refining, aromatics, and olefins processes.
George Bright, CEO of KBC commented, "The interface between refining and petrochemicals is often an area for significant profit improvement. With Lummus' PYPS+ model and Petro-SIM, these opportunities can be thoroughly investigated."
About ABB Lummus:
ABB Lummus Global is an international organization that focuses on the oil and gas, petroleum refining and petrochemical process industries. Our projects and services extend from gas processing plants and refineries, to petrochemical, chemical, and polymer facilities.
ABB Lummus Global is part of ABB (www.ABB.com), a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in about 100 countries and employs about 107,000 people.
About KBC:
KBC Advanced Technologies, a leading independent consulting, process engineering and software group, delivers improved operating performance to the oil refining, petrochemical, and other process industries worldwide. We provide process consulting, strategic planning advice, organizational effectiveness services, energy price forecasting and market analysis, economic studies, capital project services, and training to help clients achieve their business objectives and improve their competitive position. KBC analyzes plant operations and management systems and, our consultants recommend changes for material and measurable improvements in profitability. To assist clients in realizing such improvements, KBC provides implementation services and software solutions, including KBC Profimatics models and Petro SIM for process optimization, and Linnhoff March energy optimization software packages.
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