Case Study: PETRONAS achieves $8.5M USD per year profit with Aspen Technology scheduling automation

PETRONAS Refinery Unlocks $8.5 Million USD Per Year in Profit with Scheduling Automation Solution

Petronas, Malaysia’s national oil company, needed to eliminate error-prone standalone spreadsheets and create an integrated, multi-user refinery scheduling model at its Melaka refineries that would also be compatible with its existing planning tool. To address this challenge Petronas engaged Aspen Technology, deploying Aspen Petroleum Scheduler and Aspen Refinery Multi-Blend Optimizer to replace manual spreadsheets and enable a single network database for scheduling.

Aspen Technology implemented the integrated scheduling solution with a customized template tying the schedulers’ tool to Petronas’ planning system, adding real-time feedback, automated alerts and multi-user collaboration. The Aspen Technology deployment unlocked an ROI of $0.10 per barrel processed and delivered about $8.5 million USD in annual profit (plus $0.144 million USD/year from a $0.005/bbl MOGAS gain), while improving coordination, alignment between planning and scheduling, and reducing scheduling errors.

Petronas

Sammehah Shuib

Petronas