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Indian Oil Corp opts for AVEVA Unified Supply Chain for digitalisation project
Industry News- Dec 14,21
As a key initiative under its digitalisation project i-DRIVE, Indian Oil Corporation Ltd (IOCL) aspires to transform its scheduling work process across nine refineries and one petrochemical complex in India for implementation of Refinery Production Scheduler.
Mumbai
Indian Oil Corporation Ltd (IOCL), India’s largest integrated energy major with presence in oil, gas, petrochemicals and alternative energy sources, has selected AVEVA, a global leader in industrial software, to drive its digital transformation and sustainability. As a key initiative under its digitalisation project i-DRIVE, IOCL aspires to transform its scheduling work process across nine refineries and one petrochemical complex in India for implementation of Refinery Production Scheduler. AVEVA Unified Supply Chain will enable IOCL to digitalise its refinery and naphtha cracker scheduling workflows, optimise blend scheduling to meet daily product dispatch plans and provide end-to-end visibility across its operations.
S M Vaidya, Chairman, Indian Oil Corp, said that streamlining crude feedstock with plant scheduling was a particular challenge for their industry, intensified by operational challenges brought on by the pandemic. By implementing AVEVA technology, IOC could enhance efficiency by using a digital system-driven scheduling approach for consistent and value-focused operations. Most importantly, the new relationship would allow their energy professionals to focus on the business through enhanced decision support.
Peter Herweck, CEO, AVEVA said that the company enables oil and gas customers to improve plant performance and energy efficiency while shrinking operating costs. Built on transformative cloud, industrial IoT and artificial intelligence technologies, their solutions enable teams to visualise the entire value chain in real time, thus improving collaboration and enabling more precise and agile decisions that drive value throughout the supply chain. AVEVA looked forward to their association with an energy giant like IOCL and being an integral part of their transformational journey.
Indian Oil Corporation Ltd is India’s largest energy major and commercial enterprise with the largest customer interface, fuelling the country’s core industrial sectors as well as robust economic growth. Ranked 212 in Fortune's 'Global 500' listing’, Indian Oil accounts for nearly half of India's petroleum products market share with sales of 81.027 million metric tonnes (MMT) in the year 2020-21. With a group refining capacity of80.55 MMTPA and over 15,000 km of pipeline network, IOCL's business interests encompass the entire hydrocarbon value chain from refining, pipeline transportation and marketing to exploration and production of crude oil & gas, petrochemicals, gas marketing, alternative energy sources and globalisation of downstream operations. Indian Oil’s R&D Centre is one of Asia's finest in downstream petroleum R&D, offering world-class technology and process solutions, innovative products, and has over 1160 effective patents.
AVEVA is a global leader in industrial software, driving digital transformation and sustainability. By connecting the power of information and artificial intelligence with human insight, AVEVA enables teams to use their data to unlock new value. This is called Performance Intelligence. AVEVA’s comprehensive portfolio enables over 20,000 industrial enterprises to engineer smarter, operate better and drive sustainable efficiency. AVEVA supports customers through a trusted ecosystem that includes 5,500 partners and 5,700 certified developers around the world. The company is headquartered in Cambridge, UK, with over 6,500 employees and 90 offices in over 40 countries.
Indian Oil Corporation
IOCL
petrochemicals
AVEVA
industrial software
digital transformation
sustainability
digitalisation
i-DRIVE
AVEVA Unified Supply Chain
S M Vaidya
Peter Herweck
automation
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