Aveva Group Ltd.

02/18/2024 | News release | Distributed by Public on 02/18/2024 16:52

How Cosmo Oil deployed a process digital twin to save $2 million per business unit every year through real time optimization

How Cosmo Oil deployed a process digital twin to save $2 million per business unit every year through real time optimization

Cosmo Oil is Japan's third largest refining company, with a total CDU capacity of 363,000 BPD. Cosmo selected AVEVA to develop a Process Digital Twin to optimize operations. The company's investment in real-time data and analytics achieved ROI in under one year, with annual savings of more than $2M per year for every unit where it is deployed.

"AVEVA has a vision for process optimization and a roadmap to take companies from process control to real-time optimization to AI-infused solutions, all oriented around their notion of the Process Digital Twin."

Mr. Masayuki Yamamoto
Assistant Manager, Operation Group, Refining &Technology Dept.
Cosmo Oil Co., Ltd.