LONDRES & HOUSTON -- (BUSINESS WIRE) -- May 26, 2005 -- KBC Advanced Technologies plc (KBC) a annoncé ce jour la conclusion d'un contrat avec la compagnie pétrolière hongroise MOL portant sur la version 2.0 du logiciel de simulation graphique de procédé Petro-SIM™. MOL rejoint ainsi la liste sans cesse croissante des utilisateurs de Petro-SIM à travers le monde. MOL a conclu avec KBC Advanced un accord de licence pluriannuel l'autorisant à utiliser la solution Petro-SIM™ pour ses raffineries de Szazhalombatta et de Bratislava ainsi que ses sites pétrochimiques de Tiszaujvaros.
(BW)(TX-KBC-ADVANCED) KBC Announces Contract with MOL for Petro-SIM Version 2.0
LONDON & HOUSTON--(BUSINESS WIRE)--May 26, 2005--KBC Advanced Technologies plc (KBC) today announced the award of a contract with MOL for Petro-SIM(TM) Version 2.0. MOL joins the growing list of Petro-SIM users across the globe. MOL entered into a multi-year agreement to license Petro-SIM for it's refineries in Szazhalombatta and Bratislava and petrochemical facilities in Tiszaujvaros. The contract includes the KBC Profimatics distillation and reforming models (DIST-SIM and REF-SIM) as well as KBC's proprietary furnace model and product blending technology.
"This agreement provides us with refinery-wide flowsheeting capabilities to analyze project opportunities within our refineries," says Artur Thernesz, Director of Downstream Technology at MOL. Petro-SIM allows process engineers to model the entire refinery, then optimize, analyze and evaluate complex refinery and petrochemical plant interactions. Petro-SIM can be used to determine the impact of different feedstocks and operating targets, monitor process performance, conduct investment studies, or update a Linear Program (LP) model
. "KBC is delighted that MOL has selected Petro-SIM," says Simon Rogers, Vice President of Software for KBC.
"This is an important validation of our recent release of Petro-SIM Version 2. We look forward to working closely with the MOL Group to maximize the value they receive from our modeling technology, as well as our extensive consulting and profit improvement experience."
MOL is the leading integrated oil and gas group in Central and Eastern Europe and the largest company in Hungary by sales revenues. The core activities of the MOL Group include: exploration and production of crude oil, natural gas and gas products, refining, transportation, storage and distribution of crude oil products in both retail and wholesale markets; importation, transportation, storage and wholesale trading of natural gas and other gas products; the production and sale of olefins and polyolefins.
KBC Advanced Technologies plc is a leading independent consulting and technology group, delivering improvements in business performance and asset value to owners and operators in the oil refining, petrochemical, and other process industries worldwide.
KBC analyzes plant operations and business processes, and recommends changes that deliver material and measurable improvements in profitability through the use of its industry-leading software simulation technology.
KBC provides strategic planning advice, petroleum and chemical price forecasting, economic studies, capital project reviews, and process engineering services to help clients find the most cost-effective way to achieve their short- and long-term objectives. Formed in 1979, KBC has its principal offices in the UK, USA, Singapore, Japan, Russia, and the Netherlands.
For more information, visit www.kbcat.com. Petro-SIM is a trademark of KBC Advanced Technologies plc.
KBC Advanced Technologies plc
Simon Rogers, +44 (0)1932 242424 [email protected]
Tamra M. Daniels, +1 281-293-8200 [email protected]
KEYWORD: TEXAS UNITED KINGDOM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: OIL/GAS ENERGY SOFTWARE MARKETING AGREEMENTS
SOURCE: KBC Advanced Technologies