Yield Accounting at a refinery

Operating companies require reconciled material balance information to make operating decisions and to measure performance and profitability. This is problematic because a material balance on a refinery requires
numerous measurements along with the reconciliation of those plant measurements since small inaccuracies propagated throughout a data reporting system can lead to large year-end reportable monetary losses for the company. The Invensys integrated and bundled yield accounting solution is unique in the market and results in:

• Increased accuracy and reliability of plant data corrects inaccuracies and reduces or eliminates losses
• Consistent, reliable data for performance measures (KPIs)
• Improved instrument maintenance efficiency
• Better feedstock data for process yield simulators and tracking

About Yield Accounting: The Yield Accounting solution from Invensys addresses one of the most stressing issues of a refinery, petrochemical plant, or other processing facility: unaccounted losses. This solution improves the efficiency in a facility with data reconciliation, which finds errors in raw plant data and closes the mass balance and production accounting, which allows the plant to better account for feedstock and products. Material tracking and product yield tracking accounts for inventory and pinpoints losses. 
Technical Support: As always, feel free to reach out to your local technical support team for more information.