Le Lézard
Classified in: Oil industry, Covid-19 virus
Subject: SVY

KBC releases Value Chain Optimization Manifesto to guide an embattled Energy and Chemical industry back to profitability


A blueprint for executives seeking a major step change in profitability through integrated asset and supply chain optimization

LONDON, Aug. 6, 2020 /CNW/ -- KBC (A Yokogawa Company) has released its Value Chain Optimization Manifesto to help asset owners and operators in the Energy and Chemicals industry drive top line revenue growth, at significantly less cost. Few companies have been able to align all aspects of their business model to extract maximum value from their asset and supply chain optimization activities. The manifesto provides a blueprint for the agile optimization of fluids, feedstocks and other inputs with products and operations to reflect market demand and prices.

Oil and gas dominate the COVID-19 lost revenue projections with over USD 1.8 trillion lost in 2020, according to recent research by Fitch Ratings1. The Energy and Chemicals industry as a whole has experienced a major contraction in free cash flows. This has driven a big focus on lowering costs, optimizing existing production at lower throughput / flow rates, and deferment of maintenance on uneconomic production. Companies are being forced to adjust their portfolios and operating models; digitalizing deeper and faster to improve economics of marginal assets.

The manifesto outlines how value chain optimization can be applied wisely, demystifies the jargon, describes practical solutions and demonstrates value. It is based on deep hands-on experience, alongside KBC's parent Yokogawa, working with the world's largest and most complex companies in the Energy and Chemical industry. The manifesto focuses on upstream oil and gas, liquefied natural gas (LNG), oil refining, petrochemicals and power utilities sectors, and showcases how certain assets can achieve in excess of USD 600 million incremental profitability.

"Value chain optimization is the key to driving more revenue, at less cost, with higher capital efficiency and reinforced license to operate," comments Duncan Micklem, Executive Vice President at KBC. "Many businesses struggle with operating plan execution and efficiently linking operating plans to production schedules. The Value Chain Optimization Manifesto outlines how to solve for this at scale."

The Value Chain Optimization Manifesto is available for free download now from KBC's website, www.kbc.global.

About KBC

KBC, a wholly owned subsidiary of Yokogawa Electric Corporation, is all about excellence in the Energy and Chemical industry. We make excellence real for our customers through the actions of our people fused with our technology and best practices. We provide leading software and expert services, powered by the cloud, to assure process operations achieve their full potential. Our customers achieve operating performance that surpasses ordinary standards, now and into the future. For more information, visit www.kbc.global.

1 https://www.fitchratings.com/research/corporate-finance/the-road-back-post-lockdown-assumptions-for-global-corporates-09-06-2020

SOURCE KBC - A Yokogawa Company


These press releases may also interest you

at 08:00
Callon Petroleum Company ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any...

at 06:13
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") , one of the largest and most innovative solar module manufacturers in the world, today announced that since March 20, 2024, the Company has repurchased 788,178 American depositary shares...

at 05:34
Sungrow, a global leading PV inverter and energy storage system supplier, has emerged as one of the standout companies on the 2024 Fortune Asia Future 30 list. The list, which recognizes the most promising companies in Asia Pacific, is a testament to...

28 mar 2024
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear...

28 mar 2024
Arctech has recently signed a contract for the 500MW Manah I power plant project in Oman, following its successful bid for the 588MW Manah II PV project in Oman earlier in 2023. This consecutive project win showcases Arctech's customized solutions...

28 mar 2024
The "Fuel Cells - Global Strategic Business Report" has been added to  ResearchAndMarkets.com's offering. The global market for Fuel Cells estimated at US$11.4 Billion in the year 2023, is projected to reach a revised size of US$40.7 Billion by...



News published on and distributed by: