Yokogawa Electric : KBC Signs Consultancy Agreement for Integration of Oil Refineries in China's Shandong Province
January 15, 2018 at 09:09 pm
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Yokogawa Electric Corporation (TOKYO: 6841) announces that its subsidiary, KBC Advanced Technologies, has signed a consultancy agreement with China Energy Engineering North Co., Ltd. for the integration of operations at six oil refineries in China's Shandong Province. These refineries are being acquired and will be operated by China State Energy Engineering Corp. Ltd. (SINOMEC), a state-owned company, and China Energy Engineering North Co., Ltd., a SINOMEC group company.
There are many small-scale oil refineries in Shandong Province. To improve efficiency and better meet market needs, SINOMEC has decided to upgrade facilities and integrate operations at these six oil refineries, which are located in Guangrao County. KBC will provide consulting services to assist SINOMEC in meeting these objectives.
The consulting services offered by KBC are as follows:
Conduct an integration study that will identify synergies for maximizing yield and profit.
Verify a plan to expand and diversify production.
KBC provides software and consultancy services that help to improve efficiency and profitability in the oil and gas upstream (exploration and production) and downstream (refining) sectors. The company's services are held in high regard by customers around the world.
The decision to award KBC this contract took into consideration the company's detailed knowledge of the oil industry and Yokogawa's solid track record in China. Through its introduction of highly reliable control systems, products, and other advanced solutions, Yokogawa will help this customer achieve profitability, ensure safety, and protect the environment.
Yokogawa Electric Corporation published this content on 16 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 January 2018 02:09:02 UTC.
Original documenthttps://www.yokogawa.com/pr/news/2018/pr-news-2018-0116-en.htm
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Yokogawa Electric Corporation specializes in design, manufacturing and marketing of electronic equipments. Net sales break down by family of products as follows:
- automation and control equipments (90.4%): industrial control systems, production control systems, flow meters, industrial recorders, etc.;
- measuring and test equipments (6.9%): semiconductor tests equipments, analyzers, digital counters, electricity, temperature and pressure measuring instruments, scanners, oscilloscopes, tachymeter, altitude indicators, integrated display systems, etc.;
- other (1.7%): marine equipments, meteorological and hydrological measuring instruments, etc.
Net sales break down geographically as follows: Japan (32.2%), China (14%), India (3.6%), Asia and the Far East (15.7%), Middle East and Africa (11.2%), North America (8.9%), Europe (8%), Russia (3.8%) and Latin America (2.6%).