Shift from fuel oils to petrochemical feedstocks and digitalisation of refineries
First written in FY2018. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2024.
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- FY2024AdvancedAnnual report
「To further improve utilization, we promoted DX initiatives, including expanding the scope of APM implementation and preparing VR data for the development of digital twins.」
Refinery digitalization was made more specific through expanding the scope of APM implementation, developing digital twins and improving utilization through VR data preparation. - FY2023AdvancedAnnual report
「In addition to shortening periodic maintenance, we introduced Asset Performance Management System software to reduce unplanned shutdowns caused by equipment problems. By improving predictability, coverage and manageability, we will promote the maintenance of high refinery utilization.」
The refinery digitalization measures were made more specific through digital plants and the introduction of Asset Performance Management System to reduce unplanned shutdowns and maintain high utilization. - FY2020RestatedAnnual report
「As fuel demand is expected to decline and the use of IT to become more widespread, we will continue to concentrate on profitable oil products, shift toward the petrochemical business and promote refinery digitalization.」
The company continues to concentrate on profitable oil products, shift toward petrochemical feedstocks and advance refinery digitalization. - FY2018First statedAnnual report
「We will promote the shift from fuel oil to petrochemical feedstocks and the digitalization of our refineries.」
In light of the spread of EVs and the use of IoT, the company newly specified measures to shift its product mix from fuel oil to petrochemical feedstocks and promote refinery digitalization.