The theme of the 2021 Opportunity Crudes Conference is ‘Making the Grades: Crudes for Fuels & Petrochemicals in Demand.’ A team of high-caliber oil business gurus, technology experts, and operators shared their knowledge and insights into the volatile, uncertain time our industry is experiencing.
Geopolitical tensions, sanctions, trade wars, the OPEC+ cut, and other unforeseeable events disrupt oil trades and shift crude types available for refining. At the same time, product demand is changing because of the IMO-2020 mandate, tighter fuel specifications, higher octane requirements, and rising petrochemical consumption.
The conference was organised into five topical sessions: (1) global oil market outlook, (2) crude procurement strategies amid shifting crudes, (3) refiners’ game plan and technologies to meet changing product demand, (4) big data analytics & IIoT in crude management and refinery operations, and (5) prevention and solutions to crude contamination/fouling and corrosion/incompatibility.
Modcon Systems have participated in the Conference with their paper “Refinery Optimization Using Neural Networks being Dynamically Pre-trained by On-line Analyzers”.