OMV Licenses Petro-SIM from KBC Process Technology.LONDON & HOUSTON -- KBC KBC Kenya Broadcasting Corporation KBC Kaun Banega Crorepati (Indian TV show) KBC Koahnic Broadcast Corporation (Anchorage, Alaska) KBC Keyboard Connector KBC Kill Before Capture Process Technology Ltd. (KBC) today announces that OMV OMV Open Market Value (automobiles) OMV Orbital Maneuvering Vehicle OMV Oblates of the Virgin Mary (religious order) OMV Österr Mineralöl Verwaltung (Austrian Mineral Oil Administration) has signed a multi-year agreement to license Petro-SIM(TM), KBC's refinery-wide process simulation software Simulation software is based on the process of imitating a real phenomenon with a set of mathematical formulas. It is, essentially, a program that allows the user to observe an operation through simulation without actually running the program. for the development of simulation models of all of its refining assets. The agreement includes the KBC Profimatics(TM) distillation distillation, process used to separate the substances composing a mixture. It involves a change of state, as of liquid to gas, and subsequent condensation. The process was probably first used in the production of intoxicating beverages. , catalytic cracking, reforming, visbreaking, alkylation alkylation /al·kyl·a·tion/ (al?ki-la´shun) the substitution of an alkyl group for an active hydrogen atom in an organic compound. al·kyl·a·tion n. , hydrotreating, hydrocracking hy·dro·crack·ing n. A process by which the hydrocarbon molecules of petroleum are broken into simpler molecules, as of gasoline or kerosene, by the addition of hydrogen under high pressure and in the presence of a catalyst. , and delayed coking models, as well as KBC's proprietary furnace model and product blending technology. Petro-SIM allows OMV's process engineers to model all of their refinery assets allowing them to optimize, analyze and evaluate complex refinery interactions. Petro-SIM can be used to determine the impact of different feedstocks and operating targets, monitor process performance, conduct investment studies, or update a Linear Program (LP) model. "We have a long-standing working relationship with OMV, and we are delighted that their selection of Petro-SIM highlights the continuing development of our ongoing partnership," says John Young, Vice President Sales & Marketing, KBC. "We look forward to continue working closely with OMV to help them maximize the value they receive from our modeling technology, extensive consulting and profit improvement services." About OMV: With Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 9.88 billion and a workforce of 6,475 employees in 2004, as well as market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of approx. EUR 8 billion, OMV Aktiengesellschaft is Austria's largest listed industrial company. As the leading oil and gas group in Central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. , OMV is active in Refining and Marketing (R&M) in 13 countries and has set the goal to increase its market share to 20% by 2008. In Exploration and Production (E&P) OMV is active in 18 countries on five continents. In the Gas business segment OMV has storage facilities and a 2,000 km long pipeline system, transporting 43 bcm of natural gas annually to countries such as Germany and Italy. OMV owns integrated chemical and petrochemical plants, and has a 25% stake in Borealis A/S, one of the world's leading producers of polyolefin. Other important holdings are: 51% of Petrom SA, 50% of EconGas GmbH, 45% of the BAYERNOIL refining network and 10% of the Hungarian company MOL. With the acquisition of a majority stake in Petrom, Romania's biggest oil and gas company in 2004, OMV has become the largest oil and gas group in Central Europe, with oil and gas reserves of over 1.4 billion boe, daily production of around 345,000 boe and an annual refining capacity of 26.4 million metric tons. OMV now has over 2,375 gas stations in 13 countries. The market share of the group in the R&M business segment in the Danube Region is now approximately 18%. Petrom has a workforce of 51,005 and has been consolidated in the 2004 balance sheet and in 2005 it should already contribute positive to OMV's financial results. About KBC: KBC Process Technology Ltd. is the leading independent process engineering group delivering improved profitability through consulting services and practical solutions to owners and operators of oil refineries This is a list of oil refineries. The Oil and Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. and other clients in the process industries worldwide. KBC analyses plant operations and management systems, recommends changes that deliver material and measurable improvements in profitability and provides implementation services to assist clients in realizing measurable financial improvements. KBC also forecasts crude and petroleum products prices, and offers economic and pricing studies focused on the future outlook for the oil industry. KBC works with clients both to implement recommendations and monitor the resulting profit improvements on a continuing basis. In carrying out this work, our consultants make extensive use of the process simulation software tools developed by KBC. KBC's Profimatics refinery reactor models are used worldwide. Formed in 1979, KBC has principal offices in the UK, USA, Singapore, Japan, Russia, and the Netherlands. For more information, visit www.kbcat.com. Petro-SIM is a trademark of KBC Process Technology Ltd. Profimatics is a registered trademark of KBC Process Technology Ltd. |
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