Bring value to customers in the energy and chemical markets
Yokogawa Motor Corporation recently announced a strategic agreement with Chevron USA to sell Chevron's proprietary petroleum supply chain planning software PETRO. The application optimizes plans for demand forecasting, production planning, procurement and logistics. Support material selection for multiple plants, setting of operating parameters, decision making for product composition optimization, and analysis of future production planning options. KBC, a wholly-owned subsidiary of Yokogawa, will manage the PETRO business with Chevron.
KBC is a world-renowned company in the field of process simulation and optimization and supply chain scheduling. This sales agreement makes PETRO planning software part of its supply chain optimization portfolio. By combining simulation, planning and scheduling technologies, manufacturing companies in the refining and petrochemical industries can accurately monitor the overall supply chain from raw material receipt, processing and blending to quality control, outbound logistics, and utilities and the environment.
PETRO has been in Chevron for over 30 years and has used it to make important decisions about global operations. Walt Szopiak, vice president of downstream technology and services at Chevron Energy Technologies, said, “The introduction of PETRO into a standard-scale refinery can generate more than $40 million in annual revenue.” “This agreement with Yokogawa helps us Further develop and improve this important software."
In 2017, Yokogawa recognized the need for more complex, broader, and customized solutions to customer problems, and therefore introduced the SynapticBusinessAutomation concept to create sustainable value by connecting all content in the customer organization. . Supply chain optimization is a key area where Yokogawa combines business and industry knowledge with digital automation technology to innovate with customers to drive business process transformation.
Yokogawa, executive vice president and head of Yokogawa's executive vice president and senior solutions and services business, said, “As a major automation contractor, Yokogawa has established long-term trust and mutual benefit with Chevron. We are proud The agreement was announced today as the KBC portfolio will add to this important service, and customers in the energy and chemical industries will be able to take advantage of advanced solutions in the end-to-end supply chain."
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