Case Study: Hyundai Oilbank achieves $36M USD/year in operations improvements and 98% planning accuracy with Aspen Technology (Aspen HYSYS)

Hyundai Oilbank Uncovers $36M USD/Year Using Aspen HYSYS

Hyundai Oilbank faced a mismatch between FCC unit yields and planned targets because planning models did not account for changes in feed quality. The customer engaged Aspen Technology and employed its Aspen HYSYS® advanced process simulation solution to address the issue.

Aspen Technology updated Hyundai Oilbank’s reactor planning model with a rigorous FCC model in Aspen HYSYS®, allowing the company to factor feed changes and optimize operations. As a result, planning accuracy improved to 98% and Hyundai Oilbank uncovered operations improvement opportunities worth $36M USD per year.

Hyundai Oilbank